The 50% retracement in Silver looking to break.

Silver looks like we could break the 50% retracement. Then, previous resistance turned support at the 16.64 level would be next. But ultimately, the market looks like we will see the 16.05-16.30 level which is the 61.8% retracement and also the previous resistance and breakout point from February of this year. If you are a bull, this zone may be the level that has your attention.

Silver 50% Fib

Blake Morrow