Silver bounced off the 16.65 - 16.85 S/R area. Wants another attempt to BO above TL resistance near

Silver bounced off the 16.65 - 16.85 S/R area. Appears to want another attempt to BO above TL resistance near 18.20 - 18.30 and then on through the 18.37 - 18.60 S/R area. Weekly momentum is moderately bullish and currently stagnating.

The MACD formed a bullish up-cross during mid-1Q17 however, with negligible positive expansion. As weekly momentum remains bullish, the probability of an upside move is greater - until its not. Stochastic have been forming bullish higher-low's since earlier this year and becoming oversold. Currently in the process of possibly forming a bullish HL. Bullish.

#preciousmetals #Silver