April 2nd 2021, Silver Chartbook — Silver, Focus on resilience

The four cornerstones for resilience are:

  1. You. Take care of yourself first. A year without gyms, cooped up at home, and social isolation took a toll. Make sure you are balanced.
  2. People. No matter if corporate or family. We all went through this. As a result, people, worn out and making more mistakes, have changed. Don’t take your spouse and kids for granted. Treat your loved ones with extra care and renourish. They are your backbone. Accept that people essential to your business might not be as reliable as they used to be. Reevaluate partnerships and supply chains and have a watchful eye where your business is vulnerable. This is especially important if you trade with other people’s money.
  3. Technology. With supply chains banged up, it is wise to have backup systems in place and not expect smooth operations in case of extraordinary circumstances. Have necessary parts stockpiled and be self-dependent.
  4. Operations. Check your operations for their processes, people, and technology. Think risk control over efficiency. Form KYC to regulatory changes and increased fraud; this isn’t a time to streamline and maximize. Instead, set up systems to monitor compliance, strengthen your partnerships and supply chain reliance. Overall under the motto: “Never assume!” as we are now living in a world of fast change.

Weekly Chart, Silver in US-Dollar, Last weeks setup:

Silver in US-Dollar, weekly chart as of March 24th, 2021.

Weekly Chart, Silver in US-Dollar, Execution on the plan:

Silver in US-Dollar, weekly chart as of April 1st, 2021.

Monthly Chart, Silver in US-Dollar, Silver-Focus on resilience, The edge on our side:

Silver in US-Dollar, monthly chart as of April 1st, 2021.
  1. A preceding strong directional leg from US$12 to US$30 indicating a trend.
  2. A very favorable risk-reward ratio for the large time frame players.
  3. And if you have a closer look within the red box, you will find excellent volume transaction support below the price we are trading right now.

Silver, Focus on resilience:

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