This is my proposal for a potential path forward. Buying near 16 usd per ounce is always a good price.
With overvalued stocks in average, potentially war times coming, terrorism, social inestability, i believe in the next months/years we are going to see a price increase in both gold and silver , along with other precious metals, that can be physically stored. And among all of them, silver is the most undervalued one, with a tiny market cap and price near historic lows.
Just wait and see.
The turtles will eventually win the hares.
This seems a rejection of the breakout and would make sense to me. Silver won't easily breakout. It has to fakeout enough times to get rid of weak hands and squeeze as much as possible breakout traders before the real move.
Silver seems kinda ready. Watchout.
Loading leveraged longs back down in the breakout level could be a good idea if you are not already loaded on physical silver. And maybe even if you are loaded :joy:
I trade silver CFD's and invest in physical silver.
Your local bank for spot paper silver
And I personaly use 1broker to degenerated longs in CFD's :D
I love the first chart btw