• Silver Could Be Creating A Double Bottom Pattern

    2 monthes ago - By ETF Daily News

    From Chris Kimble : Could Silver be creating a long-term “Double Bottoming” pattern over the past 3-years?
    Let's investigate the possibility and what it would take for the potential bullish pattern to fail.
    Before we get started let me make this point clear; the trend in Silver since the highs in 2011 remains down!
    This chart looks at Silver on a monthly basis over the past 45-years, where we applied Fibonacci retracement levels to its 1980 highs and 1993 lows. The 23% Fibonacci retracement level comes into play at the $14 level.
    The 23% level was hit a couple of years (2016), where a 40%...
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