Silver chart looks very interesting. With Macro situation as it is. Flight to Silver as a risk off?
Watch the continues weakening of TVC:DXY
This silver index chart reveals a bullish breakout from a falling wedge with a target of 308.
Looking at this silver index chart through the lens of Williams %R and USGears Tops and Bottoms silver appears to be topping.
Highlighted are high and low pivots in price. These pivots are often accompanied with consolidation of Williams %Rs in oversold and overbought conditions. Trades may be triggered with moves of %Rs out of extremes. Recently, W%Rs consolidated in an oversold condition. This consolidation coincided with a potential double bottom . The next likely pivot high may...