Loading ...Silver’s “Honey Trap”
While Silver passes 27$ target, most will be looking at all-time highs & higher! That is the trap. HUGE wall at 31$, clearly visible if, like me, you visit the yearly chart!
My road-map 31$ > 21$ > 58$.
Note, 21 is 2016 highs, now support… could bounce back higher than that.
$21 ?
Yikes That would hurt .
I dunno Sir Patrick …anything is possible but these aren’t normal times
26$ then? Can’t fall into the greed scenario too much.. you guys should remember 2011!! This time it’s different… etc… My final GOTO to take profits off table is a COT Index flatline. Until then.. corrections should’t be tops.
Could you notify us when that flatline is getting close?
Yes. Remind me to remind you. I easily get side tracked.
Yea I hear ya, but what I see is panic selling out there due to the rarefied air all around. Lot’s now on the sidelines, I suggest lot’s of them will be there for the next launch up.
For that yearly white candle to look bullish going into 2021… we need to close above 31.. solidly. So whatever pullback we get.. it should be over turned violently.