Glewis54

SLV Upward Bias View

Long
Glewis54 Updated   
AMEX:SLV   iShares Silver Trust
As SLV appears to be entering into a bull market phase, interesting to see possible channel ranges. In 2021, I could imagine to see $40 as the midpoint. That could be consistent with a gold/silver ratio moving down to 40. Of course, knowing how silver trades, a $2 smackdown could occur in any moment ;-)
Comment:
And right on queue, there's the $2 smackdown!!! Looking like a normal A-B-C correction though with prices possibly reaching 15.60.

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