Technically, the price has broken above its long term that started from April 2011 major high near 50.00, in my view the breakout above this at-least hints for the continuation of this sideways bias, and probably a retest of 25.00 major resistance.
A rally in silver will probably be accompanied by a rally in other metals such as gold .
Thank you for reading, come Join me at https://twitter.com/thefxchannel
Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos
Free Telegram Channel: https://t.me/technician_forex_trades
Trading Signals Redefined: https://thefxchannel.com
So to me you can be right as rain about everything you say and it still don't matter and we still don't care. All we care about is the opportunities to bet on. It is that casino part that matters to most speculators. And it don't even matter to the casinos, they not buying the stuff either. All they care about is how many folks they can get to bet because that's how they get paid. We pay to play. They care less we win or loose long as we keep betting.
Reg no more bank bailouts,,, basically, now legally passed is the 'bail in' no longer 'bail out', which means the shareholders, depositors and all creditors do the bailing out in the event of bankruptcy, taking pennies on the dollars deposited/owed etc. Its written into law. The bank in question does not have the money nor sufficient assets to cover its derivative positions if they had to. They cannot get it lower and they are out of silver to keep it lower.
So you know, i was bullish on the silver chart but i think there is still down side on the gold chart. so based on that i took another look at the silver chart and i still believe it is at least possible there is some down side room on the silver chart.
i do hear what you are preaching though so you at least accomplished that. But as of the moment i have to trade bullish simply because of the chart, even though fundamentally i believe you to be correct.