PsychonauticalTrader

Silver is in a channel, and is at make or break level right now

Long
OANDA:XAGUSD   Silver / U.S. Dollar
If it breaks $30 expect this to go up extremely quickly, likely to $50 without many stops along the way. VPVR indicates maybe 35 and 40 levels to provide some minor resistance after that.

If it breaks $50 we have blue sky after that. Gold-silver ratio is still historically very much out of whack and is mean-reverting.

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