QuantZ Silver Update

June 29, 2016

Hi all! Time for an update in the wake of "Brexit". Can i say "Cha-Ching"?

 

In our earlier post, our conclusion was to take a shot and go long because there were more upside factors vs downside; we gave a technical target of $18. It's almost there! At the time of the last report, spot silver was mid $16.

 

We still think there are more upside factors than downside, and silver has recently done a technical breakout.

 

 

1) Quantitative Targets imply an overall target of around $20 especially if other asset classes hold to their prices.

 

Assuming we eventually get a mean-reversion, we still have about a 15% more upside from here, but no visibility on how it gets there.

 

 

2) Technical target implies a move to $19.

 

That recent breakout from the SLV implies a further move to $19. However, silver is getting extended, a small pullback is possible before the next move to $19. This next move could be the end of the major move in SLV for this year.

 

Till next time, cheers.

Ken

 

 

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