Silver is back on the rise and showing increasingly strong bullish momentum despite the numerous large accounts on social media trying to pin the top and boast short entries that are currently suffering severely.
On 10/29/24 I described a breakout move occurring where price would see an initial rejection of the $53-$57 range before exploding to a target range of $79 and $132. I don't care to explain where these levels are derived from in great detail in order to preserve a part of my edge through a unique application of Fibonacci.
Aside from the 2.618 @ $132.01 being primary target at this stage in the parabola:
Special interest to the $108-$110 range just ahead here upon break of $96.72. Method implies the next intermediary rejection and reconsolidation begins there, with true support laying at $79.81 in the event of a rejection.
Good luck!
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