News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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**** Gold Market Wire ****
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France Recalls Its Ambassadors from USA and Australia...Calls Their Behavior "Unacceptable" over Scuttled Submarine Deal...Calls Australian Behavior "A Stab in the Back"
France Recalls Its Ambassadors from USA and Australia...Calls Their Behavior "Unacceptable" over Scuttled Submarine Deal...Calls Australian Behavior "A Stab in the Back"
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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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's Channel Updated

May 17, 2021 - (Gold Market Wire) - As Silver settles in to a new atmosphere, we'll take the opportunity to back up and look at our channel - the one we got so bullish about more than a week ago. We've refined it just a touch, but this should give us some idea of Silver's potential over the next few months.

...our channel

No doubt about it - the round number of $28.00 will see the next big challenge for Silver. Aside from the big end of January spike, truly 'clearing' $28.00 has been a problem for Silver. If we get there, this is how we see the potential shaping up for the channel in what could be "Silver's Summer".

the slope is a little less than $1 a month.

If we rally hard, this channel could start to give us an idea where to start taking off some length. It has, after all, been a fairly good marker for roughly 8 months now, and deserves our future attention.

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