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Silver Is Approaching the Mother of All Supports
If you thought investing in precious metals would be a great hedge for you against inflation then you’re having a bad time. To be honest, I thought that gold and silver would do a lot better, but here we are today where both are in the group of some of the worst performing commodities over the past several months. And the situation just got even worse. First the H4 chart, where you can see a very handsome head and shoulders pattern. The neckline (red), was already broken, so the formation is up and running, which means a further drop. Currently, we have a small stop (green rectangle), which is just a very flat ... (full story)