Silver looks to be breaking out of a shorterm downward resistance and has recoved from a false breakdown of the primary support line. It looks to me as if the next target will be $21.25 before a pullback occurs bouncing off the converging lines, before a breakout to $26.25 and another consolidation before reaching new highs of $50 and beyond later in the decade.
Long term this is exactly what I was seeing...it looks like a failed head and shoulders pattern. If you look at the hourly chart it looks like its setting up a smaller head and shoulders pattern. I was looking to see if anyone shared my thought. What do you think WW?