We are taking another shot at the neckline. Remember our stop is $18.25 the last high. Remember Silver corrections can be mostly sideways which makes sense to form the right shoulder. Take a look at past corrections on Silver within bull markets, mostly sideways, even though on the last one (other than the irrational March dump) we dropped down 16% to 61.8 Fibonacci after a 38% move up. I think this time we will slowly move sideways to down, my best guess for the bottom is about $15.80 the 61.8 Fibonacci. We will observe the technicals and see, we are always flexible.
