If silver breaks above its previous highs against the dollar, it could trigger a surge in investor interest, pushing prices even higher.
If the WSB /
GME
/
AMC
deigns realize how much open short interest is on Silver, we could see a massive run to new ATHs for Silver per Oz. Pay attention to Derivatives like
AGQ
, which touched close to $800 last time Silver was up at ~$48/oz in 2011. Be ready for fireworks if these shorts begin to feel a squeeze.
If the WSB /
GME
/
AMC
deigns realize how much open short interest is on Silver, we could see a massive run to new ATHs for Silver per Oz. Pay attention to Derivatives like
AGQ
, which touched close to $800 last time Silver was up at ~$48/oz in 2011. Be ready for fireworks if these shorts begin to feel a squeeze.
Comment:
AGQ
already showing strength in this move
AGQ
already showing strength in this move
Comment:
Upon closer inspection of the Handle, you can even see another cup-and-handle within the handle itself on the shorter timeframe.
The measured move for that C&H places
SLV
at a beautiful $45/oz. Bring the squeeze.
The measured move for that C&H places
SLV
at a beautiful $45/oz. Bring the squeeze.