Silver Support Near $21.50 on Weekly Chart
February 6, 2023
Just a quick wrap up after another down day in silver and the miners. I pulled up the weekly chart going back 7 years, and one can see the 2016 high around $21.25 and lows in both September and November all are in the same area as where the 200 WEEK MA currently sits (and the 50 WK MA as well). That is good enough for me, and I will add more heavily if silver gets down to my horizontal trend line, but since it might not, I added more shares to my miners today replacing some of what I sold recently.
