Too early to re-enter Silver

Since my call that the ‘fat part of the rally’ in Silver (as priced in AUD) had been seen….

Silver in AUD has seen the ‘fat part of the trade’

it has declined 9% in a series of 6 consecutive losing weeks.

My current read is that it may pause or find some slight support.

Such streaks come to a (temporary) end.

It remains in no-man’s land.

For now, my re-entry interest will be closer to the A$26.80 – A$27.90 region, as we approach late March 2023.

February 27, 2023

by Rob Zdravevski

rob@karriasset.com.au