$Silver hasn't reclaimed its 200-day MA yet, unlike gold. That line sits at 71.95 right now. I'm expecting a rally through it, but we need a clean close above first before talking about further upside. Until then, it's stuck in no-man's land.
This is a patience play. Wait for the MA reclaim, confirm the close, then look for continuation. Jumping in early just puts you in chop zone. Silver loves to fake moves near these levels, so let it prove the breakout first.
Once above 71.95 with conviction, next resistance zones open up. But right now? Show me the close.
This is a patience play. Wait for the MA reclaim, confirm the close, then look for continuation. Jumping in early just puts you in chop zone. Silver loves to fake moves near these levels, so let it prove the breakout first.
Once above 71.95 with conviction, next resistance zones open up. But right now? Show me the close.