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Although Silver’s explosive rally over the last few days has nearly maxed out the hourly chart, bulls have reason to celebrate. As you can see, the rally exceeded a key external peak at 25.120 recorded seven years ago during the summer of 2013. The move has generated the most powerful impulse leg this vehicle has seen in nearly a decade, and it implies that any significant pullback in the weeks and months ahead be regarded as a buying opportunity. we finally have a trend we can trade aggressively.
July 27, 2020, 8:01 pm EDT