This isn't my expectation, but it's hard to ignore how closely this $SPY dotcom analog is tracking, especially if markets pull back over the next few weeks.
I would tend to just look at silver and form my trade plan based on that. I would then refine it to look for exact entries and exits in the miners.
On SILJ it is trading in this descending triangle. Could almost be called a giant marco bull flag.
Any touch of the lower green line is probably a good long. Or you could wait for a break out and retest to be more conservative.
#Silver was up 2.3% on Friday and has had a nive rally as the $DXY has pulled back. I've just posted about #gold and my thoughts on silver are very similar. $64.65 is the max upside to this bounce before a pull back becomes likely. And all my lower targets still remain the same.
Over the last few days and weeks, several people have said I am wrong on this and will miss this trade. I always say that I can be wrong and it's possible I am wrong on this one. If I am, I miss the trade and move onto the next.
BUT, as people who have followed me for a while know, I will stick to my view and time will tell.
ALSO, I really do appreciate the comments and I do particularly appreciate people disagreeing with me. So please do keep sharing your views with me and if I have missed something/got something wrong, let me know why.
#metals #trading #investing
$RGLD - Royal Gold
We'll wait for the trends to change, but I got to say, some of my favorite names are fairly priced again. Royal is just about on the top of my list to buy back.
Royalties are where I spend most of my attention in this sector; it's simply a superior business model.
🔮 My Bold Silver Prediction for the Rest of 2026
Back in February, when the Furus were screaming "$300 silver incoming!", I stood firm:
SILVER WILL NOT TOUCH $100 AGAIN THIS YEAR
With silver trading below $60/oz, my call is looking stronger by the day. ✅
Now I’m doubling down with a new prediction:
🚫 SILVER WILL NOT TOUCH $40/OZ IN 2026.
Mark it. Screenshot it. Come back and check.
The main reason is that the $DXY would need to increase another 15%-25%. Unless the Fed hikes 2 or 3 times, I don’t see this happening.
#Silver
@MrPitbull07 In 1967—when Polly’s log cabin was deemed a National Historic Site—Idaho Governor Cecil Andrus called her “the foremost pioneer on the rugged Salmon River.”
https://t.co/QHWJ35mG1S
🇮🇪🇯🇵 This dude's Irish accent through his Japanese is hilarious. Irish immigrant chef rebuilt his restaurant in rural Japan and enjoys spreading his culture and cuisine to the Japanese.
Uranium - time for an update - $URNM
While the spot price is holding well, I would even say it's coiling for the next move, the equities have been weaker.
In times like that, it's always good to be prepared. I am, and although I don't have any significant positions at the moment, I wanted to share what I will be buying in volume when the trend changes.