Managing expectations for Silver
Following up on my “tools to manage manias”… here is some projection if the price of silver was to rocket above MA.. what price would silver be when distance from MA resistance is hit.
Two levels identified for resistance… also matches well with price action resistance. Will we reach 22$ in a spike? Before we consolidate after hitting 20.50$…
Try to have a plan before this happens… or else you’ll be singing “to da moon”… only to potentially have the rocket crash in mid air!
Great chart Patrick. Can I ask that you keep us updated on this as the next move gets underway ? Thanks.
Setting up alerts now!