Courtesy of Chris Kimble.
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This chart was shared with Premium and Metals members yesterday afternoon.
The chart reflects that Silver and Silver ETF (SLV) are both testing triple resistance, inside of a falling channel at (1) above.
We also shared that this resistance test was taking place at the same time that “Dumb Money Traders” has amassed the largest long position in Silver, in all of its history.
This is a dangerous setup for Silver, should weakness start taking place.
If you would like to stay abreast of these type of patterns in the Silver, Gold and Mining sector, I would be honored if you were a Metals or Premium Member.
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