What If the Silver Gap Holds?
a projected target price
If you watched My Precious video, you could probably hear me struggling with myself about my pledge to not TOUCH silver until after the election would hold up. Well, the spirit is willing, but the flesh is weak, so I went ahead and bought into about 40% of my intended position today (with a stop-loss, of course).
The more I look at the various silver charts, the more it makes sense for the price gap between 10/17 and 10/18 to hold. In fact, if that gap fails, the chart gets much messier, and I'm honestly not sure when the sensible entry point will be. Here's the SLV chart, with the green dashed line anchored to the gap at 29.20:
