Silver Spot is heading towards the resistance line of a Channel Up and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Because Silver Spot formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
