Silver continues to increase in positive momentum as it has since the start of the year..

Silver continues to increase in positive momentum as it has since the start of the year. Momentum may have the strength to push price action and BO above the 18.37 - 18.60 S/R area over the next few weeks. The silver chart looks very similar to the gold chart in that momentum is bullish increasing.

MACD formed a bearish down-cross during late-Q3 with an expanding negative histogram. However from the start of the year, the histogram has turned upward and last week formed a bullish up-cross. Stochastics formed bearish lower-high's from early-Q3 and became overbought (<80). Entered the bearish continuation region briefly at the start of the year and has since become oversold (>20). Starting a bullish period.

#preciousmetals #Silver