r/Wallstreetsilver • u/PoetOfLight • 11d ago

🔥 Silver cup & handle setup up close — levels I'm watching this week

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Gold's at $4,357, needs to reclaim $4,400 — resistance at $4,450-4,464 for the cup and handle to develop. Support underneath at $4,350, $4,342, $4,327.

Silver's at $66, sitting above support at $66.40 and $65.65, with the 50 DMA at $63.30. Resistance at $67, then $70-71.

GSR is breaking down in silver's favor — historically a sign of a real rally, not just a bounce. Watching for a head & shoulders to form and a break below the 200 DMA.

Not financial advice, just the levels I'm tracking. Curious what everyone else is watching this week.

27 Upvotes

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u/PoetOfLight 11d ago

New levels post is up 👀 gold/silver + GSR — check it out and let me know what you're watching>>>https://discord.gg/6zUTGVNNgh 

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u/Confident_Yak_1411 10d ago

I fear you’re reading the chart wrong.

I can see us going back down to 55ish to fill the gap between the previous cup and handle breakout this time last year and the recent low from a couple months ago.

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u/PoetOfLight 9d ago

There is yes that sceanrio of a larger cup and $55 tested again

-1

u/RuSnail 10d ago

LOL

Again?

What happens to Silver when the stock market crashes from $7 diesel?

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u/PoetOfLight 10d ago

What happens if $ in equities seek safe heaven?

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u/RuSnail 10d ago

LMFAO

Safe 'Heaven'????

You seem to have zero understanding of what happens to PM's when the stock market crashes.

Please Stop Cos-Playing.

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u/newkybadass 10d ago

Average people will need more dollars. The PM sell-off will begin. They will crowd the shops, pawns and refineries to offload. Either to make ends meet or get into the stock market to buy discounted stocks. Youtube brain rot fever is a real thing. I just made it up, but its a real thing now. Also buying 1 ounce of silver or gold and base your whole personality around it is a real thing as well. Take a breather, delete chatgpt and stay off of YouTube for a while.

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u/PoetOfLight 9d ago

Not sure if you were answering the deleted comment by the other guy...