Jim Curry (Gold Eagle) also has a cycles correction in progress, possibly until late May. Latest from EWI on Saturday. [Silver]’s rally has formed a channel from $17.54, the September 1, 2022 low. The wave pattern is open to differing interpretation but higher highs and higher lows defines the trend as “up.” A close above $30.09, the wave (1) high on February 1, 2021, will constitute a “breakout.” In a true “breakout,” as opposed to a false breakout, silver will carry significantly higher. Short term, there are options including a more significant pullback than has been seen so far.
IVR Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
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