trend line setting up test of $17.46 to $17.50 gold silver ratio starting to turn up commitments are no where near they were on April 18, 2017 at that point the comm. funds had a net long position of 107,000 now they are net long only by 45,000. sponsorship is needed to push silver higher and I feel $17.45 will be tested within 2 weeks. after that lots of funds will come on board (trend followers) target is $18.00 definitely go long silver here
Trade ist aktiv
⋅
the july 3rd smack down tested the lower trend line. no doubt forced a lot of stops. stay long or buy 1/2 postion here
Trade ist aktiv
⋅
traders add silver longs 18.00 here we come
Trade ist aktiv
⋅
bumping against top line of the channel. if we can close above this say in the 17.60 big buying comes in