Silver Could Be Close to an Important Resolution

by Hubert Moolman
Silver Seek

Silver is still in consolidation mode since early September, but could be close to a resolution.

[…] On the chart there appears to have formed some fractals. The current one has also broken out at the blue line in middle to late December of 2019, and is currently retracing.

It would be ideal for it to find support at the 50-day MA or higher. Any lower and the pattern might be invalid. A breakout at the blue dotted line would likely confirm the fractal comparison as valid.

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