Loading ...The charts definitely show silver as the laggard, the weird thing is that the 50 has already crossed the 200 on SLV and the RSI is only 57. I didn’t realize that the last time gold made its high above $2K, silver was only $3 higher than it is now. When SLV is done consolidating down here, it should have a nice move.
He’s right about the silver shares too. First Majestic was in the $14 area last March, seems it should get back there pretty easily. I like you’re Impact silver too. WPM was in the $50’s. SSRM was around $24. Room to run for all of them, and all are underperforming. It shouldn’t take much to get us back to the highs of last March.
HUI is probably ready for a pause pretty soon; I’d expect it either now or maybe up in the 260 area. If we can bust 260, I’d think a move up to March’s highs shouldn’t take long. We’re just now starting to see volume come into these shares.
That’s my sunny Sunday outlook. 🙂