2 Week $2 Decline in Silver on 2 hour bar chart

It looks like there was a wholesale liquidator of silver and many other metals over the past two weeks that took silver down by over two dollars from over $16.30 to under $14.20.

The 2 hour time frame captures the decline quite well and the pauses along the way weren't much longer than 10 bars.

The current correction to that downtrend is the longest so far and appears to be trying to form an uptrend.

I realize I publish mostly bullish charts on silver lately, but I do have more opinions on this market that I have produced charts. There are always opportunities to trade both sides of the market and I can do better to publish more often, but I don't hear enough from all of you to know how many charts you want to see. I don't want to OVERproduce charts, that's for sure.

Look for silver to work towards 14.60 over the coming day or two and then look for 14.40 to hold on pullbacks. Buying here, exiting 14.60, re-entering back near 14.40 (perhaps 14.45) and then looking for 14.60-14.70. If we get that kind of trade in XAGUSD, then we can look for more upside after that.

Tim XAGUSD 14.397 last 8:02AM EST - error publishing now 14.382