We already have double bottom in monthly chart.. Although I believe we are going to see 10-12$ range before starting strong up trend.
I'm not going deep in fundamentals of why it cannot reach that target. Odds would be against me.
BUT if we cannot break 16.20$ and close higher on monthly, 10-12$ is on the cards TECHNICALLY. Even if we do not crush recent lows, very positive times coming for silver and precious metals in general. Smart money were accumulating silver for over 5 years (look between blue lines).
Hope you got something useful out of it!
I'm not going deep in fundamentals of why it cannot reach that target. Odds would be against me.
BUT if we cannot break 16.20$ and close higher on monthly, 10-12$ is on the cards TECHNICALLY. Even if we do not crush recent lows, very positive times coming for silver and precious metals in general. Smart money were accumulating silver for over 5 years (look between blue lines).
Hope you got something useful out of it!