The target for silver is 18.25 per NFTRH 709 and this post. Just a reminder as the seasonal (30yr average) becomes favorable while the inflation bugs have been selling the precious metals (selling silver at a time of waning inflation trades makes more sense than selling gold). CoT is very constructive, sentiment is in the dumps and clear support is at and around 18.25.
If silver can put in a low in the 18 to 18.50 range we could have a good precious metals trade. Current futures price is 19.13, so there’s further to go. But clear long-term support is coming up into a period that sees a low on average.
