Bullish wicks at support can create nice buying opportunities. A month ago members took advantage of bullish wicks in stocks, taking Pocket-Change Gains.
Silver is hitting dual-line support at the same time that it's hitting the 23% Fibonacci support off the move from $3 to $50 and looks to be creating a monthly bullish wick at this key price zone.
Big Loss
The metal has lost about two-thirds of its value in the past three years. Is the bottom in place? Too soon to tell. This is a monthly chart, so we won't know for sure until the end of the month.
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