xsubtownerx

Silver is close...

xsubtownerx Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
Silver is real close to a breakout here, but has been rejected twice at the top of the trendline. My bet is that silver will breakout but I'm also aware that low volume could mean a total trend reversal in the next 24 hours.
Comment:
So this will be the 8th straight green (up) week for silver. Silver has never had 9 straight green weeks before. At least not in recent times. Might be worth hedging your long positions here with some puts. The next 4 weeks could be a little rocky here with the whole "March rate hike" blah blah stuff.
Comment:
Watch today. This is the day it breaks or busts. And it's going to be powerful on either side I think.
Comment:
Annnnnnnnnnnnd It's officially a breakout now. Good job everyone!
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