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Monday, November 25, 2024

Silver; Slipping risk in play, says Joe Friday

Courtesy of Chris Kimble.

falling pic

Silver appears to be at a rare Power of the Pattern price point. Below looks at Silver since the late 1990’s.

joe friday slipping risk for silver aug 19

CLICK ON CHART TO ENLARGE

Silver finds itself dealing with a rare technical set up, as it is facing potentially four separate resistance lines, as momentum is lofty.

Sentiment is currently rich to the bullish side, as nearly 90% of traders at Stocktwits are bullish Silver.

Joe Friday Just The Facts; Slipping risks are high for Silver, if support would give way at (1).

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