Crucially, a number of indicators in the secondary chart are forming higher highs and higher lows, signaling a renewed uptrend. Alternatively, indicating the original downtrend for silver might be over. Make no mistake, the renewed uptrend i was talking about here refers simply to those indicators and not the main silver price chart!
Please do not be confused! π΅βπ« This is just a primary indicator that the silver price drop might finally be over. It is still early days. I do not know for sure if silver would start a new run up. That is why I have only started to nimble rather than gobble up. It might prove to be a head fake.
I will look out in a week or two to see if I should add to the initial position, or to jump out again. At this stage, I don't mind taking a small loss to be right.
True, democrats has won the election in US, however Trump remains the President and his power to create mischief π is still very real. Sitting duck π¦ his pride would not allow him. Precious metals are still important for protection against those. That is provided oil prices don't spike again. However, with mid-term out of the way, there's nothing holding Trump back... of course except TACO [Tongue] [Facepalm] [Silence] [Chuckle] [Evil]
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