Silver Locks, Loads Near-term Target

Silver continues its break through the SMA 50 after holding key short-term support. The target area is thick lateral resistance and/or the SMA 200 (16.95). That’s the road map and now the rest is up to the silver bullet. A target does not need to be a stop sign, but I’d advise at least a good measure of caution at the target. That goes double for the macro reflation trades that silver is correlated with.

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