Silver is clearly within a long-term secular up trend. This overrides any short-term technical targets. The silver ‘newbies’ entering the fray after an undisputed breakout will accelerate the trend. Acceleration implies y=x2 rather than y=mx+b. The addition of the crooked number next to the X will add drama for both sides of the trade.
The observation today, as it was months ago, is growing trend energy. This is illustrated by a dramatic surge in REV(E). A surge in REV(E) suggests accumulation. Markets that are under accumulation are difficult to control. This one is all about control.
Silver ETF (SLV):
Regards,
Eric
Eric, enjoyed looking at your post tonight.... I was curious if you think we are going to head to 38 (monthly close?) rather quickly here? I had always sort of thought of a cup and handle for long term silver onto higher numbers.... any comment appreceated.
best Ciga BT
thanks!
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