Cycle Trading

Silver has been making a series of higher highs and higher lows.

Silver appears to have found support at the rising 50 day MA last Wednesday and formed a swing low on Thursday.

Silver is currently being squeezed by the declining 10 day MA and rising 50 day MA. Silver is also in a daily uptrend. A close back above the 10 day MA will indicate a continuation of its daily uptrend and signal a cycle band buy signal.