FX:XAGUSD   Silver / U.S. Dollar
42 0 1
finally reached 10 year trendline

more important than the trendline to me is psychology and momentum

trendlines are beginner/retail shit. they work but not in the way most people think

probably will break through it, down to undevalued and be scooped up. $18-$19 is a little under fair value (mining production cost) but $15 is just dirt cheap.

but here's the rub. markets take a LONG TIME to accumulate, distribute. but once they do, the breakout happens.

the only people who are selling silver             right now are longs from sub $18. do you really think anyone is providing liquidity to the downside as a spec SHORT? no way.
they are selling to new spec longs and realizing a nice USD profit. of coures, they have been selling all the way down from $50, but the best liquidity exists between $19 and $15.

said it many times. i have limit orders at $17.50ish and $15.50ish

good luck
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