Leon's Chart: Silver Spot Weekly Movement

Silver bounced off the lower edge of the DOWNTREND channel.

From the similarities of last two vertical black lines I drew; If history is any guide, Silver will fall back to US$14, before challenging the upper edge.
 
Silver down again. This metal is really weak :D

leon1998 said:
Silver bounced off the lower edge of the DOWNTREND channel.

From the similarities of last two vertical black lines I drew; If history is any guide, Silver will fall back to US$14, before challenging the upper edge.
Click to expand...
 
US$13.7 reached, bottom of the downtrend channel tested.

Maybe a bounce up to US$14.5 region, before downtrend resumes :P
 
Weak metal?
It's just people holding off.
I'm 1 example, didn't buy an ounce in 2015 so far.
 
I d be interested to see a revised chart now, looks like it is going to retest the support channel line.

Stochastic must be around 20 as well
 
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