...or it is bound and determined to revisit the ~$13.90 multi-year low we saw in 2018 and December 2015.
I know, anthropomorphizing an inanimate object. Trust me I know.
Here's the possible Cup-n-Handle:
And here are the last six years on the weekly chart, both via FinViz:
$14.91 down six cents on the session.
From a 2016 post:
Throwing numbers around, the December 2015 low in silver was
$13.90-something so we have a couple bucks to go before that multi-year
support.
On gold we still think the the 1980 highs-Hong Kong $875; New York
$850-are achievable. An equivalent 23% decline in silver gets you down
to the low $12's.
That Polish Olympian who sold his silver medal last August said he did it to save a kid with eye cancer but I'm starting to think he was using some black-box market timing....
...NYMEX front silver $15.69 down 40 cents.