My, what a difference a month makes. Thinking back a month, silver had a good few weeks going, rising up from a local low with good authority. Then the last two weeks — well, not so great.
Now silver appears to be trying to recover again. A very bullish candle Friday had a lot of silver bulls very happy, but Monday brought a mostly-inside day.
Not exactly what you want to see when you’re rooting for higher prices. So what’s the overall prognosis? Today we’ll stop in with a technical chartist to see if the charts are saying anything profound.