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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (108290)	8/12/2021 9:54:08 AM
From: Goose94	Read Replies (1) \| Respond to of 203655

Silver Precious Metal: Bottom-Fishing Sep Silver The technical construct and expectations for silver are identical to those detailed above in gold given this market’s relapse to the lower-quarter of its past year’s range between 29.915 and 21.96. Unlike gold, and on either a bar chart or close-only basis, silver has yet to confirm a bullish divergence in short-term momentum needed to arrest not only the past week’s slide, but a downtrend that dates from 18-May’s 28.90 high. Per such and at the very least, such a confirmed bullish divergence in short-term momentum above at least Tue’s ?24.075? minor corrective high ?remains required to reject/define a more reliable low and support that might have completed the decline. In lieu of such, further lateral-to-lower prices remain expected. But here too, beware what could be an extraordinary risk/reward opportunity from the bull side in the week or so ahead. RJO Market Insights