Silver Continues Rally Off Low

Maybe there is enough room in the universe for the precious metals to rally along with Bitcoin!

Today marks the fourth session that SLV is "bid," after establishing a 5 month low at 14.74 on 12/12/17. Let's notice on my enclosed hourly chart that SLV is pushing up against it nearest term rally peak at 15.25, which if hurdled and sustained, will trigger a target zone that points to a challenge of the Nov.- Dec. resistance line, now in the vicinity of 15.50.

Conversely, a break below 15.12 will weaken the current set up, and will argue for another loop to the downside within a larger-developing bottoming period for SLV and Silver.

12 18 17 SLV 2 hour Chart GIF
12 18 17 SLV 2 hour Chart GIF

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