On the last trading day of the year, the silver price effortlessly rushed above the 61.8% trendline below the median of the upward price channel right at the point where it meets the trend line from the September high only to retrace right back to this pivot point. It was at the 50-dma where the turnaround occurred but it was the first test and now we have a support from which another assault on the 50-dma can be launched.
If you believe that inflation is about to spill into the streets then you believe the silver price will keep on rising.
If you believe that inflation is about to spill into the streets then you believe the silver price will keep on rising.