Silver Headed for Support

With Silver Futures (SIN1) pushing this market lower lets take a look at the chart below.


Silver has been decimated the last four day’s pulling in roughly 15 points from the high.  The stock pulled into some very nice support today and I want make sure our members are aware of the levels on the futures contract.  First you can see I have retraced the the last run in Silver and we closed just below the 61.8% fib retracement level which is 35.167.  


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