$USLV hitting 16.50 by end of next week?
asked by u/chen_k · 8d · 1 answers
Watching $USLV today, up over 6% is nothing to sneeze at, especially after some sideways action. The 15.55 low yesterday held, and we're closing near the top of the day's range. I'd give it about a 60% chance we see 16.50 by Friday close next week, assuming the broader market sentiment remains risk-on and we don't get any unexpected hawkish surprises. It feels like there's some pent-up energy ready to push through the recent resistance, but silver can be a fickle beast, so always keeping that in mind.