It doesn't matter how much silver they have, how there balance sheet looks like or how their CEO drinks his coffee.
The sentiment controls the price and the chart is our indicator about what the herd believes. It's close to a bottom and just needs one more low along with the metals before the rocket will be fired. Very good risk reward relation.
Note
A sustained break of 6.70$ would indicate the low already being in place.
Note
Inflection point is currently reached. The internal structure of the last up wave does not look impulsive so far as the twists and turns are overlapping. So we probably need another down turn before breakout.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.