I've been watching silver futures and not impressed with what it's been doing until I saw it nail the big 786 retracement this morning. I've observed the 786's as a critical level that's often respected. At least on the first test. It's lifting from there and I like it for a good bounce with a suggestion this may be a longer move up.
Note
That downdraft on Silver was rather brutal. It hit a big 786 down there at yesterday's low and I'm getting it will spike up after fed stuff this afternoon, but then maybe consolidate. Ugh.
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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.