Silver is on the verge of breaking a major $64 level, and the chart is leaving breadcrumbs that point lower. In this video I break down the "bouncy ball pattern" on silver, why each bounce off this floor is getting weaker, and the exact downside targets I'm watching at $54 and $50. Then we hit gold, platinum, palladium, and copper, with the specific levels where I become a buyer.
I'll walk you through every nuance: why a daily close matters more than a tail through a level, how two aligned pivot highs give me a price target, and what would be the final nail in the coffin for the start of the next breakdown. Short-term markets move on emotion. Long-term, they move on fundamentals. I'll show you how I'm trading both.
Video Length: 00:12:12
Comments
Log in or sign up to join the conversation.