On the weekly chart you can see there is a long term down channel in SIL. But the on the recent low at 16 was
above the precious low. And there was a bullish divergence in the weekly RSI. On the daily we have sort of a cup and saucer look. I would not be surprised to see a break up from here above the downtrend channel. If so a possible initial target is given. Drop below the short term uptrend line would be worrisome.
Process you way.
above the precious low. And there was a bullish divergence in the weekly RSI. On the daily we have sort of a cup and saucer look. I would not be surprised to see a break up from here above the downtrend channel. If so a possible initial target is given. Drop below the short term uptrend line would be worrisome.
Process you way.
Note
Note
Still in uptrend.Note
Resistance at top of the down channel line. A break up above the channel would be bullish. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.