
Eli Friedland
776 posts





Silver 🥈 — daily RSI could double-bottom soon, or it could revisit its Liberation Day low from April 2025. Either way, I think the price low is already in at $64 in early February, and that, even if the daily RSI goes back to Liberation Day, this correction from $96 will make a new higher low in the broader trend. $74.40-$72 remains possible until it starts closing above $77.91-$79.59 again, but the low for the day may be in by now having frontrun what I think will be a “no cut” announcement. Whatever the outcome, I see this time as one of opportunity to add weight. No theta on physical metal 🫡







Silver 🥈 — accumulation phases are designed to test resolve and send sentiment into the gutter. Now is not the time to be fearful. Fear was reasonable at $121. At $79, the appropriate feeling is excitement. The price is already -35% down off the high. Folks sidelined for another -35% leg down are going to be disappointed when they realize recency bias made them miss the next big move. Buy silver, do nothing 🫡







@JoshPickerel At 14% a day, the rule of 70 says you double in roughly 5 days. So $3.75 to about $15 is only around 10 trading days if that pace holds... ;)













