Get started
EliteTrader101

SIL Silver miner ETF Head and shoulder short squeeze

Long
Global X Silver Miners ETF (AMEX:SIL)  
EliteTrader101  
AMEX:SIL   Global X Silver Miners ETF
Trend Analysis
5
0
trendanalysis
Some traders went short on this H&S break and will be forced to cover when the price goes higher. The trend on the daily is UP with trend line support and silver is setting up for a short squeeze because traders went short on the monthly break of a triangle and a W pattern formed and price action is going up with large up bars.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.