A monthly analysis of the silver chart is showing a major structure struggle. A lot of consolidation going on. However we have a higher timeframe head and shoulders pattern that has formed. The $25 $26 zone is the neck line here. We need a breakout on the weekly for the next exponential move up. Keeping in mind we have a multi year wedge patter within the same consolidation area.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.