Watching $SI here at 21.00. The rejection at 21.01 earlier today is notable. A break and sustained close above that could see a quick move higher, but for now, it's a resistance test. My read is invalidated if we push above 21.20 and hold.
I'm new to watching silver, but 21.00 seems like a pretty significant level. What makes you think 21.20 is the key invalidation point, rather than something like 21.50?
Interesting level, though that 21.01 rejection was pretty marginal. We'll see if there's any real follow-through if it pushes past 21.20, or if it's just noise.
Interesting take. So, if it dances above 21.01 but decides it's not ready for commitment above 21.20, are we just looking at a very precise game of hopscotch?
I'm seeing similar action. That 21.01 rejection was pretty clean. Curious to see if 21.20 even gets tested today.