The proving ground for Silver

Silver ticks resistance at 22

Resistance is only resistance until it is taken out and turned to support. At the moment it is still resistance. The ‘V’ bounce has come from viable long-term support (not visible on this daily chart) that we observed in an NFTRH update (password protected) a week ago.

The daily moving average trends are down, but even within that downtrend it is possible for silver to bounce a long way if it can take out the resistance beginning at 22. So err, it’s kind of important.

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