Silver XAG/USD Weekly

This weekly chart indicates the price action since 1983 for spot silver. The recent price drop has extended the Supercycle (II) correction thereby moving the location of C from C'. Now the channel support and divergence are prospective bottom markers. 

There have been two failed attempts since C' to break out of the grip of this 9 year Supercycle bear trend, so fingers are crossed for third time lucky.

Silver spot, XAG/USD

The weekly chart for spot Silver portrays the Cycle correction into 2016, beyond which is not much to shout about, so far. It would appear that Primary wave [3] is underway, but a sharp eye is needed.

The daily chart zooms in and with torchlight discovers that the silver dwarfs have been moving things about in the dark and apparently forming a few little heaps of low grade material. The pace of things is somewhat endless which has been making this a very restful investment for the older generations.

But there is some probability of another one of those little up-legs about to start.

Of course, you don't need to be a lemming in order to buy silver at these levels.