Settling at $14.69, down $1.32 (8.25%) which is a possibly significant level, not just because it is approaching those late-May 2019 lows but more importantly the futures are only 79 cents above the $13.90 price that has been multi-year support:
Ummm, Either Silver Is Setting Up A Giant Cup-and-Handle Chart Pattern Or...
...or it is bound and determined to revisit the ~$13.90 multi-year low we saw in 2018 and December 2015.Looking at the top chart the handle formed mid-June - early July and then it was off to the races.
I know, anthropomorphizing an inanimate object. Trust me I know.
Here's the possible Cup-n-Handle:...
By the way, you're welcome for that astute "It's either going to go up or it's going to go down" either/or analysis.
