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Re: None

Wednesday, 08/17/2016 8:04:18 AM

Wednesday, August 17, 2016 8:04:18 AM

Post# of 1244
Silver looks like it might test key support soon, around 19.30 area, which also corresponds roughly with the rising 50 MA. So a key area to hold, if not then the next support would be 19 and then the 18 level where the July breakout began.

The silver futures chart has formed a bearish quasi head + shoulders over the past 6 weeks, though still a little early to mean much, and the gold chart still looks OK for now.

The dollar chart has been in a gradual downtrend since peaking in 2015, with lower highs and lower lows, but still in the general trading range of 92-102 (currently 94.8).




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