I've been watching silver futures and not impressed with what it's been doing until I saw it nail the big 786 retracement this morning. I've observed the 786's as a critical level that's often respected. At least on the first test. It's lifting from there and I like it for a good bounce with a suggestion this may be a longer move up.
Comment:
That downdraft on Silver was rather brutal. It hit a big 786 down there at yesterday's low and I'm getting it will spike up after fed stuff this afternoon, but then maybe consolidate. Ugh.