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Re: March Silver/ Still Under Support/rabbit

True enough. But notice for the 1st time since the run up began price is now below the 20ema plus below the uptrendline while previous pullbacks held the line on both. Price is now bumping its head on resistance rather than bouncing off support. Once you fall through the ice its difficult to break back up through again. Add that together with the weakening momentum and SI could be in trouble here. I wouldn't touch it unless it took out the double top. Only positive now is Silver's history of trashing trendlines and price support & resistance levels with its high beta and reversing.

What has me concerned with all the precious metals is the Key Reversal Bar on the Weekly chart last week. If that doesn't spook everyone I don't know what would. That bar has a history of a sell of for at least 4 to 8 weeks after as they are a very bearish warning and are not often seen. A lot of evidences is weighing in on the bearish side now.

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Re: March Silver/ Still Under Support/rabbit