Possible silver bottom?

20 нояб. 2016 г.

If silver can make it below that 13.77ish level then Id expect 9ish to show support but Im expecting something of a safe haven migration with the dollar moving higher so I think its more likely it will bottom here. The threshold is the area between the .786 of the last rise and the bottom it rose from. I expect that area to define what happens next. Also fwiw, the RSI has a hidden bull div heading for a trendline and there is a longterm trendline in price action. Also, The 2015 possible bottom is at the .786 for the multidecade range.

5 янв. 2020 г.

Заметка

I don't know about the validity of any of the reasoning I put on this but the chart has held up well. That "threshold" area ended up being relevant. If it can break 21 then 27 prolly gives it resistance.