Remember last night I said from what I see in silver, it looks like there could be a decent run, but a bumpy one.
PSLV slightly negative, but better looking then SLV on the 1 min. The 3C pattern makes sense that we are seeing a consolidation in silver currently.
The 5 min chart is in line.
SLV 1 min isn't looking as good-you can see the intraday consolidation
However the 5 min chart is also in line.
Volume on the day looks to be running high this early in trade. As of now, I don't see any indication of a breakout one way or the other, but volatility is getting tight so we will most likely see a directional move shortly. I'll keep looking for any hints as to which way this is going to break.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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