As with Gold , we have the same rounded bottom formation. We also have a break of a longterm down , which is now acting as support.
We should at least expect a test of the 18-19 area. However, 19 presents potent resistance. Breaking and closing above 19 on a monthly basis could shift the whole structure, and a run to the 25 area becomes possible.
I do not have a position Silver . Yet. in a environment, Silver possible presents the cleanest trading opportunity - IF we can just get beyond 19. If 19 proves too difficult, we return to more consolidation for Silver , and will review the situation then.