Gold's baby brother silver not loving this rally, so I am not either.
I believe Silver (XAGUSD) is in a clear bull mode that started on May 9 at around $16 even, after a massive 17 day non-stop selloff. For context, my view is that intermediate waves 1 &2 of this move up since $16 are complete, as well as minor wave (1) up of intermediate wave 3. Note that I really doubted the value of EW until I saw how wave (1) of intermediate...
The gold-silver ratio is motivating me to look for bullish opportunities in the precious metals. Following silver's 17 days down in a row, I believe it is unlikely that it will erase this most recent rally it took from $16 after only reaching the .382 fibo retracement level. Instead, I think it has a date with the downward trend line around $18.2. The...
did not get to trade based on this but it worked perfectly, set parallel trend lines based on the lead-in tredline angle, short the confirmation