Silver to $24-25?
i think silver may be in a cemetrical wedge that could send the price down one more time down to the $24-25 range, back in March i noticed silver was in a falling wedge after it completed the A,B,C,D,E moves it broke out to the up side. To me it looks like that falling wedge was a smaller move inside of a bigger cemetrical wedge and it looks like the D part of the move has been reached and all the is left is one last dip to the bottom of the wedge to complete A,B,C,D,E pattern, on the day chart the stoch RSI has been in the overbought area since the 8th of April on the week chart the stoch RSI has recently reached the overbought area as well. Perhaps it's just wishful thinking on my part as I'd like to buy some physical silver at under $30 an OZ. All comments welcomed, thanks for looking.
Disclaimer
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.