This is my first time doing this, it really looks like the text book accumulation is happening here.
Good afternoon traders, Been quite some time, my workload is year round, however it's quite seasonal. I'm finally coming off and find myself with some time to do some charting. Silver is one of my long term holds, it's at historical imbalances with gold, and once again, expected to out perform gold in 2019, take that with a grain of salt because as we all...
50 and 200 day averages nearly cross each other. So price is there. This a chance to buy for me Good Luck.
Silver has seen an unexpected rally to most and continues to show strength as holdings of silver-backed ETFs reach all-time highs. Since posting "Potential Inflection in SLV: Price Action and Options," (under CommoditiesTrader) SLV is up almost 22 percent. However, near-term there will be a correction to work off the overbought conditions. The RSI was quite...