Silver has just broke out of my double descending triangles that I posted a few weeks back. Lets take a look at a some possible Fibonacci retracements that could happen if things continue. Alasdair Macleod has noted that a whale is purchasing silver futures almost regardless of price, his fundamental research is worth a look.
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I do believe this is still playing out quite well, we may see silver go lower like $16 this week or $15.80 next week, and gold price will be a factor as always.