Silver’s Masterpiece
Look, we already have a yearly confirmed breakout for silver, confirmed last year!
Now, if you want to play it safe, if we close 2020 above 17.15$, then this could very well be the lowest risk, highest reward play for next few years!
You have yearly defined support, arc support, cup n handle support.
Note: In late March the handle was completely broken. Just to show the noise of smaller time frames.
nice chart!
Looks great! Thanks for posting
Did anyone know JPMorgan is now slightly net long silver? Most don’t! Maybe this will act as a tailwind moving forward.
I did not know that. It’s in the COT details?
I don’t know about their futures positions but if you have followed Ted Butler, he says they own hundreds of millions of ounces of silver, accumulated in their years of manipulating the silver futures market.