The everything rally continues on and next up in the rotation may be Silver (again). Since reaching its breakout peak on May 20th, Silver has been consolidating within on declining . The chart below is the 4-hour chart and it shows how price is consolidating above its 20 . Check the strength of the CMF . Money is piling on into Silver .
Further illustrating the point made on the 4-hour chart is the above. Here notice how price is resting on a combination of 200 and 10 support. CMF also remains positive.
Above is perhaps the most exciting chart of all. If this is confirmed, the target price is approximately $19.70. Look how the flag target matches perfectly with the high Silver posted on September 4, 2019.
Silver is looking like a smart play heading toward the end of the week. Trade Silver with confidence. Bias: Bullish.