Since that Silver Short Squeeze (attempt) in 2020 which has dumped a lot of wind follower traders like me, the metal is been playing in a range; but it took all last year in a downtrend (within the range).
Now it's playing in the lower bound of the range. Are we breaking down or flying up? I believe that soon or later we are going to that 25$ region, and...
Recently we've been seeing some buying climax amid this all "madness". The Brent and WTI gapped up in the beginning of the week, and now there are trading bellow the gap. Some see a downtend developing, but for now I only see a developing range, and I still think we can visit the upper limit, and maybe upthrust it.
