Hard bounce off lows for silver today. Before it really bottoms, I expect a hard rally, followed by a slow drifting fall to a new low below this low. That is only because that is how it happened in 2008 though, and its a common chart pattern - breaks through resistance line then settles back to it and tags it.
New high on this (4 week cumulative highs / lows) today as well for this cycle. However, the stochastics are high here, but can remain so for a long time.
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-- R. Buckminster Fuller