Silver to >$35 if support holds

8 Haz

Silver is at a crucial point which will more than likely be resolved very soon with CPI and FOMC meeting this week.

There is a very strong confluence of support at current levels. The obvious accumulation cylinder is very much still intact.

Any break below $28.50 is extremely bearish, below $26 means it's all over.

If the bull flag is broken to the upside and a daily candle closes above $32.50, we are likely headed to the $35-40 range before another pause.

20 Haz

Not

Support held, looking for the next leg higher once top of channel is broken

9 Ağu

Not

Well this didn't work out but we are still good. The longer the correction, the more fuel for the next leg up. Price target $39. May see a brief dip below $26 before that. Watch Gold/Silver ratio for clues.