Multi-decade SLV Cup-and-Handle

16 May

If silver breaks above its previous highs against the dollar, it could trigger a surge in investor interest, pushing prices even higher.

If the WSB / GME / AMC deigns realize how much open short interest is on Silver, we could see a massive run to new ATHs for Silver per Oz. Pay attention to Derivatives like AGQ, which touched close to $800 last time Silver was up at ~448/OZ in 2011. Be ready for fireworks if these shorts begin to feel a squeeze.

17 May

Not

AGQ already showing strength in this move

17 May

Not

Upon closer inspection of the Handle, you can even see another cup-and-handle within the handle itself on the shorter timeframe.

The measured move for that C&H places SLV at a beautiful 45/oz. Bring the squeeze.

4 Eki

Not

Looking beautiful so far