Looks like a triangle/mkt coiling situation where volatility becomes compressed. Good low risk method to accumulate here I think.
Watch for the breakout to trigger wider upside.
If global growth fears continue to mount and the economic slowdown materialises with further economic data misses.
It would set the stage for further stimulus into Q421 maybe q122.
Silver and other precious metals tend to respond positively to increases in the rates of change of central bank stimulus packages.
Watch for the breakout to trigger wider upside.
If global growth fears continue to mount and the economic slowdown materialises with further economic data misses.
It would set the stage for further stimulus into Q421 maybe q122.
Silver and other precious metals tend to respond positively to increases in the rates of change of central bank stimulus packages.