I can't tell if silver is coiling for a punch to the upside or slowly soiling the diapers.
This impulse wave to the downside at the market open probably left the bulls scratching their heads (like me) and led to a tepid close...nothing like uncertainty to get you gun shy.
Best forget those analysis tools - there is no such thing as a real market that follows rational rules. If you can afford it, use the moment to grab some metal for a discount price. If not, stay away from it - nobody knows for how long this price low continues. Well, J.P.Morgan probably knows, but they not gonna tell us. :)
Btw, join my Gold / Silver / Steem price guessing games if you like, in my blog.