One big bear trap on silver
In my opinion 2022 Has been one big bear trap for PMs.
When the Fed does the 50 point hike next week I expect an impulsive move higher on silver followed by a quick drawdown that will base around 21-22 early next year.
If the fed keeps lowering the rate hikes silver will be at 28$ by the end of next year and open the possibility of a squeeze to 50$
When the Fed does the 50 point hike next week I expect an impulsive move higher on silver followed by a quick drawdown that will base around 21-22 early next year.
If the fed keeps lowering the rate hikes silver will be at 28$ by the end of next year and open the possibility of a squeeze to 50$
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