Silver has been driven down to the (green) trendline that has held all pullbacks year to date.  Silver also appears to be back-tested the prior breakout of a bullish Cup & Handle formation.

Note how in early June price was driven down below the lower channel line before reversing direction.  Could this be the case now?

Last – is that positive divergence I see developing on the MACD and stochastic indicators?

silver-daily