#Uranium
The monthly Stoch RSI is back at the same level where major moves higher started in 2021 and 2023 — and is now turning higher.
Meanwhile, the 200 MA and rising long-term trendline are converging, leaving uranium in an increasingly tight technical range.
The current structure also resembles Livermore’s accumulation cylinder, potentially setting up the next phase of the pattern.
$99.70 → $110.70 remain the key levels to reclaim.
If history rhymes, this could be the setup before the next major move higher.
That warning on the weekly chart is still playing out.
The weekly Stoch RSI continues to point lower, so further downside from here remains possible.
$55 is the next key level to watch, with $48–50 as a potential major support zone.
If #Silver reaches that zone and finds a bottom, it could ultimately prove to be the best opportunity of this entire correction.
Still cautious. But watching closely for a potential bottom.
A recovery on the daily chart is possible, and that is when things get interesting.
For the time being, the weekly indicators are pointing downwards. But if they recover, #Silver could head back up—though we aren't there yet.
I sat down with Stephen Roman yesterday for an interview covering Global Atomic (TSX: GLO), DASA construction progress, funding, and the company’s plans for 2028 #uranium production.
Watch here⬇️
youtu.be/Bj2MADIlAyM?si=xjBU…
A recovery on the daily chart is possible, and that is when things get interesting.
For the time being, the weekly indicators are pointing downwards. But if they recover, #Silver could head back up—though we aren't there yet.
We may not know the exact bottom.
But I believe the entire lower zone we’re in now - and potentially any further weakness, will eventually look like a gift in hindsight. #Silver
$GLO#Uranium - Back at the line in the sand.
Global Atomic is testing the C$0.44–0.47 support zone once again.
We’ve seen strong reactions from this area before.
Does support hold again?
#Silver is coiling and time is running out.
Breakout → Retest → Daily Stoch RSI reset
The apex is approaching.
Silver is tightening, and the next decisive move may be getting closer.
A significant milestone for Global Atomic! The DFC’s Board of Directors has approved a debt facility of up to US$414.2M for the Dasa Project in Niger. We thank the DFC, the Republic of Niger and our shareholders for their support. globalatomiccorp.com/investo…
Could this be the backtest we’ve been waiting for? 👀
First, #Silver needs to bottom around $64-66 and hold the breakout line.
If it does, the 200MA around $72 becomes the next major test.
Clearing the 200MA would be magnificent.
It would attract a whole new wave of investors, adding fresh fuel to the #Silver rally and pushing prices higher.
A reset of the daily RSI and a backtest of the breakout line wouldn’t be surprising.
Actually, it could be exactly the new fuel #Silver needs for another attack on the 200-day MA. 🥈🔥
#Uranium - watching the next phase of the cylinder.
The Livermore Accumulation Cylinder is still playing out remarkably well.
The Stoch RSI is again bottoming in the same zone where previous rallies started after 3 and 5.
Now the key hurdles:
$99.70 → first hurdle
$110.70 → previous high
Meanwhile, uranium continues to hold above the 200MA and the rising long-term trendline.
If the cylinder is progressing as expected, $110.70 could be the trigger for the next expansion phase.
The setup is there.
Now we need the breakout.
#Silver is at the doorstep of a major breakout.
Testing the long-term downtrend line and closing in on the 200-day moving average.
Now it’s time to watch closely.
#Silver is approaching a major technical test. 🥈
The long-term downtrend has been broken, and price is now less than 3% below the 200-day MA.
Momentum is strong, although Stoch RSI is stretched. A rejection at the 200MA would therefore not be surprising.
But there are two bullish paths from here:
1️⃣ Rejection at the 200MA → pullback → successful retest of the breakout zone.
2️⃣ Break above the 200MA → retest of the 200MA / former resistance → continuation higher.
Whichever path it takes, both scenarios remain bullish.
I know, the month isn't over yet.
But what a monthly candle it’s been so far for $SIL
And breaking through the 200MA before #Silver even makes this move.
Just think about that.
#Silver is at the doorstep of a major breakout.
Testing the long-term downtrend line and closing in on the 200-day moving average.
Now it’s time to watch closely.