30.00 seems to be the next support level and my personal opinion is that going back down to the 26.00 level is highly unlikely because silver seems to be respecting the bottom rising trend line so far. I think a break out to the upside out of this flag formation is imminent and more likely scenario. Kudos to those long term investors that were able to sustain this long sideways consolidation, which was probably designed to shakeout weak holders. Hoping it won't be much longer before you guys will be rewarded handsomely for your patience, because once this resolves to the upside, the move may be explosive.
This is not trading or investment advice and is for sharing my opinion only so please do your own research and analysis. Your investment and trading decisions is at your own risk. Thank you!
Trader Richard
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