We continue to be concerned that gold made new highs but silver isn’t even close. These are divergences that at help maintain some degree of caution and not get overly..
Silver weekly Bollinger bands show resistance around $25.06 with supports coming in around $24 and below near $23.55..
Positions as of 15 March, 2022.
Positions as of 8 March, 2022.
Silver buyers beware. This is not the silver breakout you're looking for. As the price of silver has risen from $24 to over $27, we look at who's buying.
Positions as of Tuesday, March 1, 2022.
What we really have here is a market caught in a sideways market. A lower low and a higher high, no trend.
Positions as of Tuesday, February 22, 2022.
When silver breaks through this resistance at the 200 DMA, the price could move higher very quickly to $30 and potential to move even higher to $50/oz..
Positions as of 15 February, 2022.