After rallying since the beginning of October, we have had 2 days of retesting $24. It seems like $24 will hold and will peg a new low for silver.
Previously, we've seen a inverted head and shoulder pattern revealing a new bullish leg. That bullishness has now nearly completed testing the $24 mark. Expect to see new highs in the near future. I believe we will be testing $25 by the end of the year.
Previously, we've seen a inverted head and shoulder pattern revealing a new bullish leg. That bullishness has now nearly completed testing the $24 mark. Expect to see new highs in the near future. I believe we will be testing $25 by the end of the year.
Note
In reality, we are near completing an inverted head and shoulder pattern, signaling new highs. $24 was too hopeful on my part, $23 is holding creating a matching shoulder.
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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.