Silver is going to go bullish this year but the question is when. We have seen a recent surge and bullish move off of $15.62 level 2nd week of December, but are we due for a correction now? Watch the 200MA on the Daily chart, if we move above this convincingly I think we go higher, however, I do expect a pullback before breaking the 200MA. Watch the Line of truth, if it is breached on the pullback, be ready to put in a new low before going higher.
Comment:
we've broken the 200MA but our shirt is snagged on the barbed wire and we can't seem to pull away from it... are we having to step back through the fence line (below 200MA) to untangle ourselves? Maybe run back to the farmhouse to tell mom why our shirt is torn (line of truth)?