My analysis for $Silver is similar to my post on $Gold yesterday: (https://goldtadise.com/?p=394123)

  1. Silver put in a major low in Dec, as evidenced by a breakout and back-test of its 50 day MA.
  2. Silver has broken above a bullish inverted Head & Shoulders formation, with an appx. target of $19.20.
  3. Based on volume, Silver should see moderate resistance at its 200-day MA.  Otherwise, the price zone up to about $19.50 is characterized by relatively low volume.
  4. With 3 trading days left to complete its latest 13-day Fib time-cycle, I expect a successful back-test of the H&S neckline or downside to be limited to about $17.00, before Silver embarks on a new 21-day cycle wherein price could accelerate sharply to any of the price targets shown.