CFDs on Silver (US$ / OZ)
Long
Updated

Multi-decade SLV Cup-and-Handle

254
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 ~448/OZ in 2011. Be ready for fireworks if these shorts begin to feel a squeeze.
Note
AGQ already showing strength in this move
Note
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.
Note
Looking beautiful so far

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