Market Update on Silver (XAG & SLV) 5/16/2018

in #silver • 6 years ago

Slightly forward of timing line we have the inflection move. This also gives us a short-term target of 16.35 and a back-end timing matrix for that occurring by tomorrow.

On a 3m chart the internals look fairly beefy and we could see a spurt of life in price action should the short-sellers decide to abandon ship.

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6 years ago in #silver by
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     6 years ago 


    late shorters from yesterday...OUT!

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     6 years ago 


    Strategic re-shorting under the threshold of pain...nice...predictable

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