SILVER spiked at the opening of futures last night, up 4% at one stage and was on a fast track route to hit our First Target at $33.30, it has since cooled down slightly but remains in a strong position to continue moving higher since the breakout above the $30 level, a resistance level of over 10 years.
A retest of $30 can not be ruled out either but will also offer us another opportunity to add too.
This chart has been moving incredibly predictable and when we have charts that move like this, we must take full advantage of it.
We started our position at $24 with a large buy from our Cash reserve, so our gains to date have exceeded our expectations over such a short period of time.
AL
2024-05-20 15:07:39 +0000 UTCBrian
2024-05-20 13:57:11 +0000 UTCAL
2024-05-20 13:40:46 +0000 UTC