SILVER – The ?th Time Is The Charm
The setup for a Thurs./Friday major Silver breakout, has presented itself on numerous occassions. Previously, the banksters either held silver in a tight range or sold it off on the Thursday, making the likelihood of any Friday breakout, minimal at best. Coming into today, I am more positive than previous Thurs/Friday setups, because yesterday was a quiet, very tight range day, after a modest Tues. pullback following Monday’s huge upside move. I don’t believe Silver is going to be held down for BOTH of these two days. Either, we move higher but not substantially higher today, followed by a huge upside day tomorrow, OR we explode higher today, with tomorrow either following thru strongly on the upside or could GAP open hugely higher and then spend most of the rest of the day backing and filling. The bottom line. Prices should be meaningfully higher by Friday’s close than Wed. closing price around $34.50.
Looking good!!
I’ll say !
Only 35 cents more to get back to $35. Back up the truck on physical at $35 or a few cents above or below. Most of the silver miners I follow have hit their upside targets and have gaps that will probably be filled.