Hovering, Just Above Resistance

Silver miners SIL, are at highs not seen in over a decade.

We already know, silver SLV, is at a Fibonacci projection and possible pivot, link here (not advice, not a recommendation).

It’s no stretch to say the media is screaming about silver ‘breaking its shackles’.

Oh, that’s just great.

If true, and with silver being such a thin market, then those ‘shackles’ may have kept the market organized, preventing massive, high volatility, low liquidity swings over the years.

I guess no one thought about that possibility. 🙂

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279