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….

https://robzdravevski.com/2023/01/19/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