Silver is coiling tight!!!

Silver has been coiling tight since July 2020.visible on a long term chart.. I think there will be action potential released when threshold is met. When - hard to say but I guess at within a month... Which direction, again impossible to say, but hopefully up.. May appear to go one direction, then turn sharply in the other direction. But predictions are simply predictions. Goo

I have just received a email from the European mint advertising silver at a silly low price.. OK we have to take into consideration there is postage and VAT on top.. But for the first time I seen that Britannia's are lower than a Philharmonic. EEEEK

Silver coiled tight.. Silver price is at a crucial level. It has tracked back down to a support level that's been in place for a year... Its 50/50 whether it holds or not.... U.S. Dollar dependent. This week should tell.. If support fails - then a buying opportunity? If it bounces back up then, happy days. Got to look on bright side, whichever way it moves.

Absolutely, Because the dollar is strong despite what alot of people feared

Yes @AceBullion agreed. And the U.S. Dollar Index overnight, rose to a 3month high - up 3.5% over that period... Silver uncoiling now. Fading - pressure released... Buying opportunity for bullion perhaps. Just short of minus 5% from Silver price, month high - in GBP...