July 30th 2021, Silver Chartbook — Silver, the race is on

Silver in US-Dollar, Daily Chart, What has happened since last week?

Silver in US-Dollar, daily chart as of July 30th, 2021.

Weekly Chart, Silver in US-Dollar, Low-risk entry:

Silver in US-Dollar, weekly chart as of July 30th, 2021.

Silver in US-Dollar, Monthly Chart, The big picture, Silver, The race is on:

Silver in US-Dollar, monthly chart as of July 30th, 2021.
  • Price bounced from a harmonic Fibonacci level.
  • Price bounced from the 15-simple moving average, which is a significant average for this time frame (bright green line).
  • Bears are struggling to force prices lower after a significant double top near US$30.
  • A sequence of higher price lows along the mid-line of the Linear Regression channel (blue line) warrants a bullish tone after the significant up-leg from US$11.64 March 2020 to US$30.09 this year.

Silver, the race is on:

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