I'm looking at the prospect of silver dropping next week followed by a ranging period in the 19.000 - 20.000 levels towards the end of Q4. Providing it can stay inside the trend channel, price should look to move back towards the top line.
Quick impulses upwards would indicate a breakout and a move back up to test the 2020 high. When the outlook is better post Covid and when all things become fully operational, manufacturing should pick up. As a result, demand for silver shall increase.
In brief, a short term short followed by a longer term move up.
Do leave a comment if this idea caught your attention. I'm keen to hear your thoughts and as always, a like to show your support is much appreciated.
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