IS SILVER LOCKED N' LOADED?

27 set 2017Silver scratched & clawed out of oversold territory last week after the FOMC meeting and then limped back in a blink. Assuming we get a bounce here at the 50% fib retrace of the late-summer rally which is also the halfway point of a cup n' handle pattern forming on the daily ... expect a retest of the downward trend line from the all-time high. A drop below the 61.8% fib will certainly nullify this pattern.