I see SILVAH being the best play available and it is about to break out hard...(See previous post). With this in mind, I am loading up on junior miners...SILJ is one way to play the silvah move with some leverage. Expecting great things soon!
This under performance by the silver junior miners is in a different context than previous times it under performed the spx.
If out performance is to resume following arc trajectory on Mansfield relative strength indicator, a top in $silj vs $spx could be in Q4 2022.
SILJ :
Are you bullish on Silver ?
Beautiful rectangle pattern on junior silver miners .
Traders could trade the top and bottom of the rectangle or wait for a break of USD 18.
Potential target of 22 if we break bullish. Then we could see 30 if Silver breaks past USD30-35.
Trade safe.
A long term cup & handle set up appears to be nearing breakout stage within the Silver Juniors & Silver Miners ETF's.
A push above 29. for Silver should push this cup & handle pattern out of it's top side ready for a run up.
SILJ HAS BROKEN OUT OF THE PENNANT AND IS SITTING JUST BELOW LONG TERM SUPPORT DATING BACK TO 2016. IF IT BREAKS OUT ABOVE ON MONDAY 31ST MAY THEN EXPECT EXPLOSIVE GAINS FOR MTHE SILVER JUNIORS.
Arca
