Recent action in silver - breaking 21..4x support line is a very bad sign. While I am long term bullish on Silver, the price action/char suggest near future weakness, down to $14 seems possible! If we do not break out ($27.5) of the potential symmetric triangle, things can get ugly for Silver bulls..
@pluckyApricot12858, Right now it is a bounce from oversold position across many markets, unless Silver breaks above 26-something triangle line. drop to the uptrend line $14 or a bit lower is possible/expected. Thing to watch is gold/silver ratio, if that one does not break below its triangle line then gold goes up to 2100 and silver goes below $14 and we have 150:1 as suggested by the wedge...
pluckyApricot12858
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@igord2, could be...at the moment it's looking like an inverse head and shoulders forming on silver.