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Wow looking at the monthly RSI hasnโ€™t been this overbought since 2011 ๐Ÿ˜ณ

Crash incoming

Whatโ€™s the opposite catching a falling knife?

Catching a throwing knife?

Could be something like that yeah ahahah

Of course I wasn't shilling Silver as a trade, anyway yeap I did look at the monthly chart, and since the 1980 is making like a gigantic cup and handle pattern, and just broke the 47$ resistance it had hit in 1980 and 2011..

"Technically" this break could throw it to 500/600$ in the next years.

You are right monthly RSI looks overbought, but that doesn't implies price can go much higher, after some correction or time accumulating. If you check, in 2004/06/08 had three highs with +30% correction, but was a bull cycle started in September '01 (Dot.com burst) and ended in April 2011, 10 years with +1000% from 4$ to 47$ (with a big correction -60% in 2008)

Strange things are going on and the geopolitical situation is very different since the '80 or '00..

Looks like history rhymes also this time, differences is we can stack sats โœŠ๐Ÿผ๐Ÿงก

Put in a small short to test waters itโ€™s an etf so limited downside if Iโ€™m wrong.