Have you noticed what happened yesterday? The 10-year treasury yield backed off a little, and #silver popped right above $60 an ounce. This is what usually happens when false narratives are put to the test. They don't last very long.
Now, I can't promise you that silver has bottomed or anything like that. But if my cup thesis is correct, it will rally very soon. Not a huge rally, just a small one, enough to get it above that falling trend line (blue), and reach the mid $60's area. Then it will consolidate for a while, retest that cup once again, and charge higher. This will probably coincide with some news, that the Fed is either calling off any future rate hikes, or taking some action to support the bond market.
Silver is testing our patience and resilience. Will you be able endure?
$XAU $BTC $ETH
Now, I can't promise you that silver has bottomed or anything like that. But if my cup thesis is correct, it will rally very soon. Not a huge rally, just a small one, enough to get it above that falling trend line (blue), and reach the mid $60's area. Then it will consolidate for a while, retest that cup once again, and charge higher. This will probably coincide with some news, that the Fed is either calling off any future rate hikes, or taking some action to support the bond market.
Silver is testing our patience and resilience. Will you be able endure?
$XAU $BTC $ETH