Below looks at two Silver chart that reflect that Silver is facing two different type of resistance right now at (1).
CLICK ON CHART TO ENLARGE
Silver found support at its rising channel and 23% Fibonacci retracement level in the left chart above. Now it is facing its 38% retracement level at (1).
At the same time, Silver is facing a cluster of resistance at (1) in the right chart.
Gold & Silver bulls DO NOT want to see weakness or reversal patterns taking place at these price points at (1).
The Power of the Pattern is of the opinion, this is THE most important test of resistance for Silver, since the highs in 2011.
