News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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'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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