Two lines in the sand one red , one blue. to go heaven, silver need to brak the red one, inforno blue one.
TL are subjective, so we can discuss if there is breakdown or not, moreover now silver is sitting @ 26.6$. So I need one more candle to decide if there is a true reverseal.
There is a very good support aroud 22$.
I think the FED will wait a bit 4 YCC and the markets will gain volatility. Last time we got YCC was during WW2 ! I wonder how gold and silver beheave at this time.
Fundamentals are so strong 4 silver, it is hard to believe it will go to 22$ now.
What I dont known it is yet the final low ?
If this year we have a hard market sell-off (I mean 20-40% on the S&P), sure there is a possibility to have silver at 22 and even 20$.
TL are subjective, so we can discuss if there is breakdown or not, moreover now silver is sitting @ 26.6$. So I need one more candle to decide if there is a true reverseal.
There is a very good support aroud 22$.
I think the FED will wait a bit 4 YCC and the markets will gain volatility. Last time we got YCC was during WW2 ! I wonder how gold and silver beheave at this time.
Fundamentals are so strong 4 silver, it is hard to believe it will go to 22$ now.
What I dont known it is yet the final low ?
If this year we have a hard market sell-off (I mean 20-40% on the S&P), sure there is a possibility to have silver at 22 and even 20$.