Last Week of 2022 - Gold and Silver Move Sideways

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Screenshot 2022-12-29 at 17-12-29 Silver Futures Price - Investing.com.png

Silver is moving in a sideways defined channel with resistance around the $24 per ounce level and support around $22 per ounce.

Silver has had a great tun in the past few weeks and a pullback would be expected. The longer the sideways action the bigger the coming MOVE.

The question is which way will silver break?

Screenshot 2022-12-29 at 17-25-48 Sideways Cat Meme Generator - Imgflip.png

Screenshot 2022-12-29 at 17-12-13 Gold Futures Price - Investing.com.png

Same action in gold as in silver. Sideways, sideways and just to break the monotony, gold is trading sideways.

Screenshot 2022-12-29 at 17-32-39 Keep calm and relax Meme Generator - Imgflip.png

Surprisingly, the mining stocks are trading . . . sideways.

Nothing to get excited about on the HUI for the bulls until a break above 240.

Stay safe and keep clam.

Peace out and Stack on!

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silvergoldstackers leofinance memes silver gold markets
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9 comments
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You received an upvote of 80% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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(Edited)

"Aye...sideways." 🤨 -Keptin
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C-Slane-12.jpg

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tack to port ...tack to starboard...tack to port and we ain't made any headway!

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I think pretty soon we should see some action

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Supply deficit on the metals exchange, countdown to force majure or the bankers magically pull a lot of bullion from out of their arse?

Posted Using LeoFinance Beta

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After the festivities are over for the year. Trading should pick up quick !

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