Here is my current view of silver. It has been in a down channel since 2011. It just bounced up off of the channel mid-line supported by huge volume and rising weekly RSI. The total retraction from the 2011 high is between the .786 and .84 Fib levels. Of course it could still drop to the .84 level but I'm watching for a rise above the upper channel line for confirmation.
Feedback always welcome.
Stay healthy. Have a great weekend.
Feedback always welcome.
Stay healthy. Have a great weekend.
