gold and silver bull pic

Below looks at two Silver chart that reflect that Silver is facing two different type of resistance right now at (1).

Silver testing two types of resistance aug 12


Silver found support at its rising channel and 23% Fibonacci retracement level in the left chart above. Now it is facing its 38% retracement level at (1).

At the same time, Silver is facing a cluster of resistance at (1) in the right chart.

Gold & Silver bulls DO NOT want to see weakness or reversal patterns taking place at these price points at (1).

The Power of the Pattern is of the opinion, this is THE most important test of resistance for Silver, since the highs in 2011.

We would be honored if you were a Premium or Metals member.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past