How Low Is Silver Going To Go?

As you know, I’ve been watching (and buying) silver since it began falling in April.  As of right now it is trading at $19.66.

Here is a chart of sliver with some previous support and resistance lines marked on it.  Perhaps one of these will play a role in the future since sometimes price likes to bounce off previously established levels, which you can see has already happened a few times here.

Or maybe it will reverse at a level that hasn’t been support or resistance yet.

Or maybe it will keep going down through all of these levels without reversing.

silver weekly chart

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