I posted here that I thought silver was ready for a quick rally because it broke a nice cup and handle pattern. I went long AGQ (2x silver ETF), and today I'm closing the trade for a 20% gain around $57.
In the chart above, notice that SLV dropped in 5-waves, and it has corrected that move in 3-waves. It is testing a strong resistance trendline, so I'm pretty sure it will correct before moving higher. Thus, I am closing my trade.
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