Silver in Upward Channel, Needs to Hold Support

1 thg 10, 2020

I've seen some prognostications in the gold chat over the past day about silver so I put this chart together. Silver needs to move up off of the trendline support to make a convincing case for bulls. On the 1hr and 4hr charts (not shown), the the candles need to regain the 15, 20, and 50 DMAs and use them as support. If silver ends today in the green, then I would enter a bullish position tomorrow. Otherwise, I would stay neutral with regard to silver.