fxstreet.com 01 Feb, 2021 08:00 am

The Silver rush and big short squeeze kicks-in

The Silver rush and big short squeeze kicks-in
Plans to short-squeeze silver to never before seen prices circulated on Reddit and has sent price higher in this week's open. 15-min chart $1000 an o

We are in the unprecedented territory and no fundamental analysis is likely going to help when these communities of retail investors are banding together to manipulate the markets.S&P 500 Weekly Forecast: A Black Swan so soon for 2021 in Gamestop GME, a new dynamic However, this would make for prospects for at least a 38.That is where things really could take off when once presumes the Fed is not about to tighten, the ratio between silver and gold is so undervalued and the current trajectory of the US dollar.Nevertheless, fundas aside, for the time being, the following is a top-down analysis that illustrates where the price action has been over the time frames and what next might be in store.

2% and then also testing the monthly neckline of the W-formation.2% Fibonacci retracement based on the current price before the possibility of a continuation towards the $ '30s, if indeed we will see any kind of order to the flows during this Reddit inspired fad for the week ahead.

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