Good evening all,
I'm still bullish on the chart for silver even though it has been a roller coaster for a few days since my last post with the FED Chair [Janet Yellen] jawboning for two days and then we see the US have dismal sales data and the dollar falls but the shiny precious metals spike.
So for me, we still haven't cracked the key $16 at the time of writing, but it is on the cusp, as per my latest chart below.
Now I do wonder after that big spike down a week or two ago if that was a blow-off bottom? I have labelled the chart with an ABC correction after last years gains, so it could just be.
Once again, time will tell.
So the indicators [MACD and RSI] are neutral, but I do like the way the MACD is starting to keep its head above the zero line, which gives me more hope and hence why I a still bullish.
I wish you all a good day.
I'll hopefully provide a further update in a couple of days. I am @silverdroneman and happy to be a member of #steemsilvergold. If you like this post, then please resteem, up vote and follow me, along with the other members.