So far, the SLV (silver ETF) pullback trade has been good for a 2%+ gain or avoiding a 2%+ giveback from closing out the long at the 23.07 target (for those that didn’t reverse to a short). However, the odds for a reaction in SLV on this tag of the 22.55 support are elevated at this time. Previous (Wednesday) & updated 60-minute charts below.
SLV 60m July 19th
SLV 60m July 21st
Likewise, GLD (gold ETF) pullback off the 183.77 target playing out as expected so far although the odds for a reaction/bounce off this support level are elevated at this time. Previous (Wednesday) & updated 60-minute charts below.
GLD 60m July 19th
GLD 60m July 21st