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#Silver – Gains reached +9% this week, we booked some profit as we have reached BIG resistance levels

 

Silver had a stellar week and we have generated healthy alpha. Silver closed the week with a 6.29% gain and has reached some big levels. We are still super bullish Silver and looking to re-enter for more upside gains.

1. Silver Daily Chart – Logical place to take profits, a pullback possible.

 

2. The ‘awakening’ of the Silver/Gold ratio a very positive tailwind for industrial metals and Commodity FX , especially the Aussie