This post is a weekly chart of silver. The pink line is volatility, the red and green are volatility indicators. When the red and green lines are above the upper blue line there is an uptrend, when they are below the lower blue line a downtrend and inbetween a range trading regime.
Low volatility is fuel for a the pervailing trend.
Currently we are in a range trading regime with the red and green lines not yet confirming an uptrend. Uptrend lines have broken and retested. Currently neutral on silver, but dont be shocked if Silver takes a beating in the coming months if it cannot dismiss the trendline it is testing from the bottom and if it cant get in to and sustain uptrend territory soon.
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