From Kitco Trading Tues. Feb. 23rd, 2021) –
“Silver remains steady, which is higher this morning. The critical levels in silver have not changed; the trend is higher. The key support and resistance levels are $26 support, $30 resistance based on May futures. With the Gold/Silver ratio continuing to collapse, silver has a big opportunity to take off to the upside. “
PLATINUM SPECTACULAR
“The action is spectacular in platinum; after making a seven-year high last week, the retracement is perfect. Support in platinum is about $1220 based in April Futures. We would be willing to add to our current long positions at support. “
“ Remember, these are our opinions based on the current positions and direction of the algorithm. We are always watching the trend combined with the phases of the markets. To be clear, we long-term owners of gold, silver and platinum. For now, until our algorithm changes, we are long silver and platinum in our trading accounts.”
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com