Silver is battling with Fibonacci (Fibo) resistance around $25. Clearly a breach of $25 would suggest a sharp surge to the upper trading channel between $28 and $30. Expect the advance to slow at the next Fibo resistance level within the upper band. Any break and retest of the upper trading channel would support the onset of plateau move or higher-order trend acceleration to the all time highs over the short-term.
The
unusual money flows in the silver market reflect a game in which the stakes have increased substantially. As the stakes of the game increase, expect volatility within the trend to increase as well. The increased volatility is certain to transfer more ownership from weak to strong hands.
Silver London PM Fixed:
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