here it's where Silver is in respect of its position prior to the 2008 Financial Crisis.
Please watch the and note the shift in sentiment that has been persistent since 2014. Silver has been in Low Sentiment for the last 5 years.
Sentiment was runnung high before the 2008 Financial Crisis but fear drove money out of other markets into safe havens and Silver followed simply the same path that drove Gold at 1.900.
However, since then, the more the dark clouds of the Financial Crisis were dissipating, the more the price of Silver was returning to the same level of the 2008 Financial Crisis (4avg$10).
In 2016 Silver was supported at $14. At the end of 2018 price was supported again at $14 and therefore might have formed a .
A bounce and a pull back from $14 was happening in the last three months of 2018 and the first 3 months of 2019.
From 14$ to $16 in 5 months (Oct-Feb) and then to 15$ in 1 month (March).
Sentiment may not be right AToW on the montly chart but the bounce is still supported at $15 and the weekly chart shows signs of shift in sentiment from low to high.
Here a preview:
Have a look at the related ideas linked below too for TA of Silver in different timeframes.
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