Long
Silver Estimate - Fib speed channel (Get ready for volatility)
Here you have some key fiblevels to watch. As long as it keeps doing higher lows followed by higher highs above pivot level it's bullish. The wild correction Silver had to key pivot support this week is indicating something big to come. Aswell, 25 was a major target. I will take profit before it hits 30. That's a psychological target level next week so expect big dumps there. Remember big banks like JP Morgan sits on million ounces of this so there will be a lot of manipulations from MM's. It's already extremely overbought so everyone who's greedy and not taking profit along the way will loose money, mark my word on that.
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Disclaimer
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.