Has Silver Finally Hit Its Bottom? | The Mesh Report

Has Silver Finally Hit Its Bottom?

Mike Hammer May 7, 2019 Comments Off on Has Silver Finally Hit Its Bottom?

Silver traders saw a bounce off 14.70 Monday.  Silver was falling heading into the NYMEX open, and in a reversal of recent patterns, it actually headed up instead of down. So the 14.60 low set on May 2 remains the current near-term low.

The short-term chart still shows silver in a downtrend using common technical analysis – but what about the more complex methods?

Your friendly Gold Enthusiast will weigh in with his thoughts later this week. Today we feature a look at silver prices using  Fibonacci analysis, which may give some insight into the current situation and the coming months.

Continue Reading At The Gold Enthusiast

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