0:00
/
Preview

šŸ”“ Silver Could Explode After 3 CRITICAL Days | David Morgan

Executive Summary — Interview with David Morgan on CapitalCosm

0:00 – Silver Breakout and the ā€œMorgan Ruleā€

Danny opens by highlighting silver’s sharp rally to around $89 and a breakout from a falling wedge pattern. David Morgan explains that while technical indicators are useful, he now prefers simple horizontal support and resistance analysis after decades in the market.

Morgan introduces his ā€œMorgan Ruleā€:

  • Silver must close above the breakout level (~$90) for three consecutive days

  • The closes must occur on average or above-average volume

  • If that happens, he assigns an 80% probability that a major breakout is underway.

He emphasizes that silver’s move from roughly $70 to $90 in only several trading sessions demonstrates the metal’s explosive nature and ability to force short sellers out of positions.

User's avatar

Continue reading this post for free, courtesy of Danny.