Silver trading like a shitcoin.. +8% in less than a week, short squeeze all over.
Dollar plummeting, Vix going down, Oil going down, metals melting up.. you know what will follow in the next months.. financial advice, stack sats.
Discussion
And sell silver
Picked this silver shell up at the flea market for $2…they wanted $3 so I offered $1, we settle for $2 😏😅😂 it was black and tarnished but I polished it up nice and now it’s shiny…forgot the before picture smh
Ahah probably best trade of your life 👀
Stay humble, stack silver shells.. 🤣😂🔥✊🏼🤙🏼
If i had it, I would sell 72% at 72$ 😁
$ZSL
Wow looking at the monthly RSI hasn’t been this overbought since 2011 😳
Crash incoming
What’s the opposite catching a falling knife?
Catching a throwing knife?
Could be something like that yeah ahahah
Of course I wasn't shilling Silver as a trade, anyway yeap I did look at the monthly chart, and since the 1980 is making like a gigantic cup and handle pattern, and just broke the 47$ 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 ✊🏼🧡
Put in a small short to test waters it’s an etf so limited downside if I’m wrong.