Hands up who likes a perfect Golden Cross
The Silver chart below shows a ripper GC forming with all 3 ma's lining up in order and starting to point "upwards"... Green 50, Red 100, White 200 dma's
Silver has only seen 2 "upward" facing 100/200 dma crosses in the last 8 years. The most recent back on the 21/4/16 for about a $6 run and the other back on the 15/6/10 ( I'll call this one a kiss instead of an actual cross it was that close ) that saw a $32 run
Next step is to push through the downtrend line at say 17.40 with a potential/usual retest then followed up with a strong move into a new uptrend... well that's the plan anyway
@cha maybe gold/silver will run now out of character for this time of year and try and catch everyone off guard... hoping
@paddington bear would you call this a descending triangle... hoping again as they're rather bullish
Good luck to those that need higher PM's prices, like me![]()
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