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What’s Next for the Silver Roller Coaster?

From sunshineprofits.com

After a frenzy of Reddit induced activity that captivated everyone, silver painfully gave back what it gained. What’s next for the white metal? As the precious metals’ version of moral hazard, silver tipped over the flowerpot, and left gold to clean up the mess. After silver’s short squeeze mania ended in tears on Feb. 2, the white metal gave back 97% of its squeeze-induced gains. Conversely, bearing the brunt of the market’s wrath, gold gave back 237% of the momentum-induced gains. {chart} As a result, silver is doing what it normally does near market tops: outperforming among comments regarding silver shortage. ... (full story)

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  • Category: Technical Analysis