Suggested to buy Silver on an upside break from an “ascending triangle” a month ago (Hi Yo Silver and Away We Go) . Been a good month with Silver gaining over 14%. This rally brings Silver to a critical hurdle, RIGHT NOW!
Trend is positive for the metals! Don’t see anything right now that would change this trend, yet that doesn’t matter a bit! Key long-term resistance is at hand right now, so from a risk management perspective, protect the gains!
As I shared last week, if Silver can jump this resistance hurdle, the next Fibonacci level is over 20% ABOVE current prices. DON’T HARVEST…JUST PROTECT!!!
Gold ETF (GDX) update…