Silver Spot was identified at around 36.0735 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 36.7763 level.
Silver Spot formed a Channel Up on the 4 hour chart. Retest of resistance in sight.
