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Game Plan…Remain an owner of Silver/Silver ETF SLV with a stop just below this key fibonacci level. If Silver can break key resistance, will be looking to overweight. Silver sentiment remains very bullish so do keep a stop in place!!!
Stemphos…No on the stop. Nice upside action this morning in Silver
Chris,
You mentioned in an earlier post (Friday) that ~$30 was where you would exit your position, has something changed your mind?
Thanks
stemphos
Ty…Yes it is pretty steep of late. It did have almost a 100-day sideways channel recently, which has broken to the upside. It seemed like an upper level pause and so far that looks to be true.
Chris,
Silver looks a little parabolic of late, no?