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.
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.
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.