If you have followed me for a while you would know that I am long silver and like it long term.. The challenge in holding precious metals is the constant manipulation and choppy price action. The price will get spiked to draw in smaller players and then heavily shorted back down by the big guys. Its especially a massive scalp play operated by the giant players..ie the banks. It it possible that the WSB gang could actually break this trap by bring attention to the manipulation. Price action would say they have a chance. Its forming a nice rounded bottom and working is way above 25. A break of 27 could yield a move to 30/34/ 40 and maybe higher if the idea gets momentum on social media. Should be interesting to see how it plays out.
Comment:
WSB couldn't do it.. Price gapped above 27 and was slammed down immediately, just like all the other spikes recently. This is why I focus long term on PM. Trying to trade this choppy price action can be brutal. Still feel this has huge upside, but it will not happen overnight.
