Silver Spot was identified at around 29.653 having recently rebounded of the resistance on the 1 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 29.5734 level.
Silver Spot is approaching a support line of a Channel Up. It has touched this line numerous times in the last 4 days.
