Since my last post on SLV the target box has been hit. (see link below). There has been a 50% retracement in price back to the shorter terrm dotted down trend line. In a shorter time frame the form looks like a a-b-c formation. The RSI is now the most oversold sinc last November when silver was near its bottom and a positive reversal has developed in the RSI. Its possible the price could drop down to the longer term down trend line.but I favor it will not. A break out of the short term down channel would confirm this idea and I think lead to a excellent rise in silver. Take care. Have a great weekend.
