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This chart was shared with Premium and Metals members yesterday afternoon.
The chart reflects that Silver and Silver ETF (SLV) are both testing triple resistance, inside of a falling channel at (1) above.
We also shared that this resistance test was taking place at the same time that “Dumb Money Traders” has amassed the largest long position in Silver, in all of its history.
This is a dangerous setup for Silver, should weakness start taking place.
If you would like to stay abreast of these type of patterns in the Silver, Gold and Mining sector, I would be honored if you were a Metals or Premium Member.
I don’t care if you post this comment or not, I just want to let you know that your trendlines on silver’s weekly chart are wrong. The only anyone can make these lines connect is by changing the size of the chart itself, and by doing that you can manipulate any chart.