Silver forms a very interesting pattern and has been doing so since the start of September when it fell drastically from the strong rally. The pattern involves a strong 1-2-day drop then consolidation, slight pop into the broken support now resistance then another stern drop forming a for the past 3-4 months.
We expect the continuation, a slight slow pop on weak into $17.45 resistance based on the broken low and top of the channel then strong drop through $16.75 into $16.00 potentially.
Disclaimer: This idea is for educational purposes only, this is not a definite trading/investing signal. Trading is risky and should be taken at your own accord.
Free access to trading Course: http://bit.ly/33jar7g