USPOS

A quick update of the chart and we can clearly see Silver is midstream in a massive parallel rising channel and has bounced rather fortuitously on horizontal support at $14. Still hovering above its 50MA, and with decent support below, the Silver chart has some cause for confidence in price strength, but those pesky indicators offer no suggestion of direction from here.

Bullish? You’ll be looking for Silver t owork itself out to the declining resistance trendline and break out up, at $14.5

Bearish? You’ll be wanting a slump through the 50MA and horizontal support, and to continue down teh declining pennant formation to test the major support trendline currenrly at $13