Gold lagging? No way! It always has been leading. You just need to know where & when all of of this started.
#Gold already above step 3, while rest of precious metals complex is playing catch-up.
#Silver attempting to breach step 2.
Miners are supposed to be more volatile than the metal. Today's (2/1/2021) pre-market movement has the silver price moving more than the miners. That's backwards and a clear sign of a frenzy. Big risk, big reward (or loss).
Someone must be influencing the price wildly... oh wait... Everyone, please welcome WallStreetBets to the silver market! I assume the...
My last post on SIL was on 4/29/20 and the target I gave at this time turned out to be accurate. ( see link below).
Current view. I am still intermediate term bullish but from the daily chart you can see we are in a short term down trend. It could start up now at the midline of the daily channel, OR it could move down to close the gap, OR it could move down to...
Another 6 month candle chart for silver senior miners. Reverse symmetry move should have it +70 in next 2 months!?!? Beware of heights. Maybe Q1 2021 for the conservatives? WOW. #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
If SIL can hold above 44.5 the next few days, we could see a breakout to 66, 67 over the next few weeks. If not, it could drop as low as 40 before a bounce. That would not be surprising either as we're in a time of extra volatility likely for the next month. If it drops much below 40 I would get the hell out of all stocks.