Following up on yesterday's successful moving average undercut & rally (MAU&R) set up at the 50-dma in the Aberdeen Physical Silver Trust (SIVR), we note that it is trading some heavy volume for this time of the day which shows up as a large neon green projected volume bar on the chart below. One thing to watch for here is any move back above the 20-dema on big volume which could play out as a secondary long entry. This could be a simple MAU&R or a pocket pivot at the 20-dema, which is then used as a selling guide.
Undercut & Rally - Silver 1/24/23
|Published:||24 Jan 2023 10:33 ET|
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