If you thought something odd was going on with the silver price, you were right. A major silver technical divergence has opened up as the silver price fell, but technical indicators continued to move higher.
Bullion.Directory precious metals analysis 24 September, 2014
By Terry Kinder
Investor, Technical Analyst
A significant silver technical divergence has occurred as the silver price fell while technical indicators including MACD, RSI, and KDJ have gone up.
Looking at the monthly COMEX continuous silver chart, you can see that the silver price has been falling for months. At the same time, technical indicators – MACD, RSI, KDJ – have all gone up.
This is not a situation that can continue on forever.
So, the question is, how will this silver technical divergence resolve? Will the indicators fall to match the falling silver price, or will the silver price rise to match the rising technical indicators?
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