iShares Silver Trust

Silver possible runup watch out - the GOOD and the BAD

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The GOOD:

We have a volume pattern that looks right. See my educational post "a TIP about Volume Reading".

We have a triangle-up pattern on going. Price already did most of the correction to the side for some time.

We MIGHT (and this is a big might) have wallstreetbets context and hype which can drive the price further up. See attached post below.

Price already been at a price of 48, so it is not complete fiction.


The BAD:


It's silver... and thus it might move very slow up.

In the "Wallstreets $35 OTM Call Options" - I discuss in detail the fundamental aspect of silver, why wallstreetbets have a hard time pushing the price up.


Given all the above: The market wants what the market wants, if the price is trending up, then the trend is up.

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