Silver has been a harder read than gold... But, if Gold get's to 1930, Silver could also make a recovery. Time will tell if it's capable of making it back to 30-30.6, but that would be a logical target. Keep in mind it is trading below the 21/55/200 EMA's on the Daily Chart (23.190/24.050/24.820) and also trading below the 21/55 EMA's on the Weekly Chart ( 24.490/24.320) , These will all act as Resistance, so price will need to break and close above all of these levels in order to move higher...The Fib levels marked which are currently above price (even though they are bullish Fib levels) will also act as resistance (since we have broken and closed below them), until we break and close above them.
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*Note the candle close of last week, Doji. This is typically the first sign of a reversal...
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*If gold has potentially bottomed, does that mean Silver has also? Will it finally stop falling!