Our expectation is that silver should hold its uptrend line and once we clear $26.50, we could start moving substantially higher. Above $28.25 silver could see new highs above the February 2021 high of $30.35.
Positions as of 29 March, 2022.
It could happen. The gold market would descend into chaos. There is simply not enough gold and silver.
Positions as of 22 March, 2022
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.