This would be the bearish case for silver: Triangle pattern broken to the downside. Price quotes are under the 50's MA. Target for this case according to the height of the triangle would be ~17 USD / Oz.. According to inflation and so on it would be a rather unlikely scenario, but the market does what the market does.
NFP approaching and could trigger a heavy dump..I still believe we need to test Aug 12 support before going long
STANDARD VIEW TO APPRECIATE THE MAGNIFICENT AND UNSUSTAINABLE RISE IN SILVER VALUE in my opinion this is a simple ABC correction, that has yet to finish its 5 wave sequence of the final C leg. i believe we are embarking on wave 3 of 5, which is the wave with the greatest impulsive motif, in whichever direction it moves. im expecting lower lows. an...