I'm watching silver for weeks now . It's in a triangle and it seems it's finally breaking out today.
The precious metal intermediate cycle is getting mature but I still think silver is not done yet. If I'm right we are going to have those 1$ up days in the following 2 weeks what we had last summer.
The question is if we can break through the multi-month-blue-trendline on the daily as we are breaking out of the triangle. If we do the rally can produce a 3-4$ rally up to 22$ in a very short period of time (5-10 days) :

I'm also watching the XAUXAG ratio:

The bear flag on the above chart is breaking down. It means silver will rally much more violently at the end of this precious metal intermediate cycle than gold.
I will use a stop if price turns back and breaks below the triangle.
Important : JP Morgan can hit this anytime to turn back down producing a bull trap. If we can't hold the breakout and reverse you will have to stop this out. Banks are hungry for your money. They've lost a lot during the pandemia.
The precious metal intermediate cycle is getting mature but I still think silver is not done yet. If I'm right we are going to have those 1$ up days in the following 2 weeks what we had last summer.
The question is if we can break through the multi-month-blue-trendline on the daily as we are breaking out of the triangle. If we do the rally can produce a 3-4$ rally up to 22$ in a very short period of time (5-10 days) :
I'm also watching the XAUXAG ratio:
The bear flag on the above chart is breaking down. It means silver will rally much more violently at the end of this precious metal intermediate cycle than gold.
I will use a stop if price turns back and breaks below the triangle.
Important : JP Morgan can hit this anytime to turn back down producing a bull trap. If we can't hold the breakout and reverse you will have to stop this out. Banks are hungry for your money. They've lost a lot during the pandemia.
註釋
So right now it looks really good. Let's see how it closes.註釋
I just added to the long position. I’m expecting a very fast move to 20-21註釋
There is no sign of recovery in DXY too. If it drops more xauusd and xag usd can benefit from it.註釋
Muggt=might註釋
I feel every puzzle piece in its place for a nice precious metal rally in the next 2-3 weeks.註釋
Long from 18.1$ when the triangle broke out免責聲明
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