Silver is back above the 50-day moving average again, and appears to be breaking above a wedge pattern.
It's difficult to draw lines on any chart that has moved so far so fast; but this recent pullback and consolidation provides the market with a much-needed sense of price discovery and support for buyers to reenter with confidence.
A daily close above the 50-day on Friday and again on Monday will signal a breakout, and likely attract renewed attention from market traders who were stopped out with the aggressive sell-offs during the past 3 weeks.
t.me/SilverStackersSS
It's difficult to draw lines on any chart that has moved so far so fast; but this recent pullback and consolidation provides the market with a much-needed sense of price discovery and support for buyers to reenter with confidence.
A daily close above the 50-day on Friday and again on Monday will signal a breakout, and likely attract renewed attention from market traders who were stopped out with the aggressive sell-offs during the past 3 weeks.
t.me/SilverStackersSS
⚡Silver Stackers⚡
Silver is back above the 50-day moving average again, and appears to be breaking above a wedge pattern. It's difficult to draw lines on any chart that has moved so far so fast; but this recent pullback and consolidation provides the market with a much-needed…
Looks like we might get that confirmation candle signaling a breakout from recent consolidation... still need to wait for Monday's trading action when London and New York markets are open though, they have a nasty habit of shorting The White Metal.
Also, we're getting another run at $88, which by itself makes all the recent pullback nonsense totally worth it.👨
t.me/SilverStackersSS
Also, we're getting another run at $88, which by itself makes all the recent pullback nonsense totally worth it.
t.me/SilverStackersSS
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The Silver market is threatening to break out from the recent several weeks of consolidation, and is still extremely volatile... it almost touched $88.88 earlier, before dropping below $85 just a few hours later, and then back up to $88.88 another few hours later.
Expect this massive volatility to continue as Silver regains the initiative and makes new all-time highs in the near future.
t.me/SilverStackersSS
Expect this massive volatility to continue as Silver regains the initiative and makes new all-time highs in the near future.
t.me/SilverStackersSS
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