Silver shot up to resistance several weeks back but dropped hard testing support. My expectation was that if silver once again failed to break out to a higher high, it could break out of the pennant and drop, building a bear channel.
It appears that silver is now set up for another three week test of the high. As the arrows point out, the last three times we had a similar setup, price failed. Forth time could be the charm. If not, might be the last chance to get out before much lower prices.
It appears that silver is now set up for another three week test of the high. As the arrows point out, the last three times we had a similar setup, price failed. Forth time could be the charm. If not, might be the last chance to get out before much lower prices.