Sunday, December 13, 2020

Daily silver chart

I bought silver a couple weeks ago (yellow arrow). Presently the position is slightly out of the money.

I will consider adding to the position only after the numeric total (blue numbers) on the screen is 13 (out of 21) or better.

Conversely, if the numeric total were to drop from its present value of 7 to 5 I will likely take off the position with a small loss and remain flat until the number reaches 13. 

Silver can foresee where silver might test the middle line of the green pitchfork all the way down at $20 (white arrow), ripping out the hearts of many, only to advance again. Were it to retreat to $20 I would consider such a back-up-the-truck moment.

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