Below is a 3-pack on Silver. 30+ year monthly, 30+ year daily and a short-term snap shot of SLV.
CLICK ON CHART TO ENLARGE
Silver continues to back and fill at the all-time high monthly closing price line at (1). It did succeed at getting above its 61% fib retracement level in the middle chart. In the short-term daily chart on SLV did not break support/top of the channel.
Game Plan…Own SLV and the ”Power of the Pattern“ continues to suggest relative strength in Silver (SLV) over Gold (GLD). A break below the short-term support line in the daily chart and we will harvest.