At present, silver prices have once again intersected with SR Channel Support. It this bull move is to continue to should mark major support. On the intermediate-term weekly silver chart prices are consolidating within a potential bullish symmetrical flag formation.
Additionally, we are entering a “normally” bullish time frame for both gold and silver. Please see the daily charts below with notated seasonal trends.
The historical seasonal trend for silver turns bullish in late October – early November. This seasonal trend remains bullish until early-middle February. Please see chart below for remainder of trend.
Bullish time frame until February.
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