Just for fun, let's see where this goes. Silver broke above support briefly and is in a pullback. The trendline endpoint is 33.109, so let's put a hypothetical buy at 33.10 for a risky entry with a stop below 32.75.
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Uggh, just as I was posting this, the hypothetical trade is already approaching the stop.. the low hit 32.815.
..and we hypothetically stopped out at 32.75. Probably set that too close, but the price movement definitely didn't do what I had expected to happen at the multiple support levels.
Thanks God it was hypothetical
Even hypothetically, that trade came right for my stop - it's finding support just below that level. It's a trade worth watching. Silver is really lagging the Gold trade.
This latest action was the response to that support level that we're looking for before.
It's not an easy trade to stick with, but it's been making higher lows since the 11 February; the trend is clear.
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