News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
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GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Update

Silver Tries to Break out from The Channel

February 21, 2022 - (Gold Market Wire) - Silver has been lagging behind the latest Gold rally, most likely because the focus has been on the Government heavy-hitters who like to accumulate. That makes sense. But, before long, Silver will have to catch up - and we can already see the signs of a market that wants to break out. Right now the 'second' precious metal, which has unusually been lacking in volitility, has been doing its best imitation of "The Little Engine that Could."

...do we detect the infamous 'cup and handle' formation???

We're not going to anticipate this market, but, really, from a simple observation...Silver looks cheap. Yes, it does. With our floor in at $22, which we spoke of here, last week, we think the odds are good for a push higher. Needless to say, we are going to be very poised as buyers on any pullback. As we said several weeks ago, the core positions needed to be taken then and there. They aren't the bargain they were (duh!), but any kind of move towards $23 should probably be taken to add length to core positions...i.e. - the ones you pocket for months and years - not the ones you trade!

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