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SILVER WILL SHOOT UP SKY HIGH TO 79$ BY NEXT 7-8 YEARS. (CMP@17.85$)




WE AT TEAM NTD ARE TARGETING LIFE TIME NEW HIGH WITH POSSIBLE TARGET OF 79$ WHICH IS ALMOST 438% RETURNS FROM 18$.  



As per Monthly chart structure Silver has given first monthly bullish reversal candle from its recent low of 13.66$ and now showing strength with further momentum by making higher top higher bottom formation pattern in daily time frame. From last few months prices were consolidating between 15.50$ -13.60$ levels, as a part of base formation. Team NTD is seeing that next base formation process will take place from here (17.50$-18$ to 15.50-15$) up to next 12 -18 months. As per long term chart structure Index has broken its long term trend line resistance @ 15$ and currently quoting at 17.85$ level.

As per weekly chart we are seeing 18.87$ is the next immediate level for Silver in coming period which will be very fast. Now 15.50$ will support as a base of Silver for next major up move all the way up to 79$.

Now we at Team NTD predicting sharp upsurge in Silver all the way up to 79$(Crossing its recent high of @49.52$).Since last four months prices are giving positive closes & now Currently prices trading near its 30Months DMA@17.85$.



RSI: After showing huge positive divergence the RSI indicator on monthly charts broke its previous higher top level of 43.61 and currently quoting near the level of 52.37, which also supports / indicates these upsurges is in place in near future.



As per the long term Silver Chart the Fibonacci retracement analysis shows the following levels:
From the top of 49.52$-13.66$=0.38%=27.40$
From the top of 35.09$-13.66$=0.38%=21.88$

Fibonacci Retracement Levels (April2011@49.52$ to December 2015@13.66$) 
At 23.6%    retracement - 22.15$
At 38.2%    retracement -27.40$
At 50.0%    retracement - 31.64$
At 61.8%    retracement -35.88$
At 100%     retracement - 49.61$
At 1.618%   retracement - 71.82$


If we calculate the long term Silver Chart as per the Fibonacci Time Retracement analysis shows the following levels:

From the top of 49.52$-13.66$=0.23%= 25 Months
From the top of 49.52$-13.66$=0.38%=23 Months
From the top of 35.09$-13.66$=0.23%= 15 Months
From the top of 35.09$-13.66$=0.38%=9 Months



Given the above all base formation levels (i.e. around 15-15.50$) risk reward is completely in favour for a target of 79$.



SILVER WILL SHOOT UP SKY HIGH TO 79$



SILVER MONTHLY CHART:





















YEARLY CLOSE

YEAR

CLOSE

2015

13.834

2014

15.565

2013

19.34

2012

30.17

2011

27.88

2010

30.91

2009

16.82

2008

11.27

2007

14.8

2006

12.82





Given all the Fibonacci Retracement of price and time we come to a conclusion that Silver has all possibilities to upsurge all the way up to 79$ in next 7-8 years.

{30 APRIL,2016}

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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