Bigworld, Silver futures over 28, and gold up also (2371), so nice to see the metals finally getting some long overdue upside :o) Looking at the silver chart, it looks like a run to 30 is underway.(2020-21 highs) :o)
For gold it's tougher to pick an upside target since it's in uncharted territory, but an old rule of thumb with a Cup + Handle breakout is that the upside move will match the size (depth) of the Cup, so that would suggest an eventual upside target of around 3000.
These TA / chart rules may sound fanciful, but they are very useful since everyone on Wall Street uses these same rules, so they become self fulfilling. Chart patterns also accurately reflect the human 'herd behavior' aspects (greed, fear) that are repeated over and over, even in computerized trading since the algorithms that determine buy / sell points are designed by humans.
---
