Not sure if im walking too soon into conclusions but I believe that a new bullish trend may be forming soon in Silver. For confirmation, I will be looking that price hits 22$ by december 25th and from then we can consider a 15M bullish trend.
Where you have your 15M mode labeled, there are only 13M's on the bottom of that rectangle and 15M's on the top of it. There seems to be about a 20M mode around $17-$16.5 in the downtrend and silver is just sitting on that mode, so that is a sign the downtrend is very weak. We don't need to wait for $22 to confirm a tradable bottom, rather a weekly expansion up to $18 is all we would need to trigger a larger move up over the 2016 high at $21+. Thanks for your post!
Platinum_Investment
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@timwest, Thank you for your feedback, always. You can´t imagine how much I appreciate this.