$ZSL
Discussion
Wow looking at the monthly RSI hasnโt been this overbought since 2011 ๐ณ
Crash incoming
Whatโs the opposite catching a falling knife?
Catching a throwing knife?
Could be something like that yeah ahahah
Of course I wasn't shilling Silver as a trade, anyway yeap I did look at the monthly chart, and since the 1980 is making like a gigantic cup and handle pattern, and just broke the 47$ 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 โ๐ผ๐งก
Put in a small short to test waters itโs an etf so limited downside if Iโm wrong.