..you look at this chart and you'd be forgiven if it looks like a week or a month chart timeframe.
..and that's Silver, closing at $31.49 (+6.45%) after a massive multi-year breakout.
AGQ-Proshares Ultra Silver (2x silver price move) +13%
Massive move for ASX silver stocks on Monday (in particular SS1, MMC).
One day chart
SILVER Charts and Quotes — TradingView
Previous rallies in (2006, 2011 and 2020) silver rose to a point where price exceeded 365 dma by 75%. That puts us once again at $50/oz silver
https://x.com/GarrettGoggin/status/1791487519483109576
$SILVER $SIL $GOLD $GDX in this monthly chart you can see the signal of the last 2 months which is suggesting only one thing: "if you are not on this train (i.e. you have not yet accumulated) you risk missing out on a violent rise"...
https://x.com/stebottaioli/status/1791454721045106753
$SILVER when will we see the top? the breakout of these hours (not yet visible on this chart updated to yesterday) will find its top when the RSI 55 (above) and the distance from the 377-period moving average (Fibonacci number) are at least at the levels of the previous spikes (after a breakout) . ..the road is therefore still quite long...
https://x.com/stebottaioli/status/1791563771988590621
How high does
#silver rise in this spike? The average in the chart is 150.4% (measured from the recent low). Take out 1979-80 and it's still a double...
https://x.com/TheGoldAdvisor/status/1791486413386695025
