Silver has confirmed the perfect symmetrical channel again today. This upper trend line is significant! Any candle close above this line, will trigger a bigger move and rush into long positions.
We also have to be mindful of today's touch and rejection....so what's next?
Being a precious metal bull has my hopes of a punch through and resume the longer term uptrend. As a trader I must wait for this buy signal...a rejection today can turn into an accelerated down draft.
So we have the chance soon to burst much higher or resume the corrective downtrend.