There is a high-compression squeeze on the daily charts on
silver. Currently the momentum on the squeeze is to the
downside, while indicators and momentum are all pointing higher.
High-compression squeezes usually resolve to the downside. I
would be buying a pullback in silver for a move higher. The same
for gold and copper.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
There is a high-compression squeeze
Bollinger band is extremely tight on ZSL: https://stockcharts.com/h-sc/ui?s=ZSL&p=D&yr=0&mn=7&dy=0&id=p87833089133&a=334149954&listNum=61
Posted by junkie on 25th of Jan 2023 at 03:54 pm
There is a high-compression squeeze on the daily charts on silver. Currently the momentum on the squeeze is to the downside, while indicators and momentum are all pointing higher. High-compression squeezes usually resolve to the downside. I would be buying a pullback in silver for a move higher. The same for gold and copper.