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Regarding the Sell Indicator for Silver$XAG
In my view, there are many silver sell indicators, but currently the most practical ones are:
1: Gold-Silver Ratio Indicator: Just like how altcoins占据了整个数字货币市场过大,代表整个市场严重贪婪一样. I consider an indicator below 1:30.
2: VXSLV Silver Panic Index: I personally think that when it exceeds 150, it indicates panic; currently around 100.
In about three days, silver is very likely to see a high point within the next 2-3 months. Yes, you read that right, 2-3 months. If things are slow, it might take about a week to show signs. Moreover, under normal circumstances, silver will also confirm a medium-term correction this week.
Once silver confirms a pullback, a 30% correction is very normal, or even more... So don't be surprised if you see silver below 90.
The short-term bearish and long-term bullish pattern remains unchanged, with a longer-term plan of $180–$200 per ounce. It's just that you jumped in during this hot moment; you need to consider whether you can hold your position steadily during a longer wait through a 30% or more correction in silver. If you can hold steady, then please ignore this article.
Therefore, I still hold my previous view: in the short term, silver targets $120, with a major correction to below $90, and the ultimate target of $180–$200. #内容挖矿焕新公测开启