Last week we looked at gold in this section, today we’ve switched to its precious metals partner silver which initially surged higher through 2020 / 21 only to consolidate its significant gains over the last 9-12 months. In the text books this would be described as a bullish flag while it can hold above its mid-point around the $US21/oz area. Theoretically we could easily see a rally towards $US40/oz making the risk / reward very attractive at current levels.
MM is bullish sliver
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