Silver has not had a very deep retrace for its wave IV, thus is still above its 20dma. Last 20.30. Very little change over the last 6 hours. Needs 20.34 to move up out of the current range.
Well Silver put in retrace overnight! Went into the area of Wave 1, so perhaps the retrace is Wave 2 on a scale larger than we have been talking about for the last week. Last 19.57
3 mo d chart shows SLW closed below the 20 DMA presently located at 20.69, and SLW closed at 20.47.