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Silver tightening up beautifully but will need DXY to back off,...

  1. 4,596 Posts.
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    Silver tightening up beautifully but will need DXY to back off, and unlikely to enjoy rising yield next week if those charts play out Jako. That said I think we could be looking at a yield spike next few few weeks (shakeout) then longer term retrace back. I tell you what silver is absorbing plenty of hits and if it can hold that range we could be looking at one of the best risk reward trading opportunities since $30 crude. My favourite silver stock PAAS is setting up, so I favour upside break eventually, but looks at least a few more weeks away.
 
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