Silver broke support late into its intermediate cycle declining phase. Any move back above the support -- now resistance -- will indicate that this was a failed breakdown attempt and we are heading back higher:
Most people are controlled by their emotions and buy high and sell low. We are in a bull market in silver & commodities, we are only couple of years into a five to eight years long bull...
All the metals, copper to silver, hurting the markets and dramatically. I am surprised that the silver price did not hold the supports near the 200dma, but I am certain the pros were covering shorts on Monday.
Silver is what I am most interested in.
A major attack on silver again and they could not get any follow through on Wednesday. Silver needs to test the $30 range and it needs to do it quickly:
