Cycle Trading

Silver continues to be squeezed by the declining 10 day MA and the rising 50 day MA.

The dollar may trigger a break out of consolidation for silver.

Tuesday was day 7 for the daily dollar cycle. The dollar continues to run into resistance at the 105.40 level. Rejection by the 105.40 level and a close back below the 50 day MA would set the dollar up for a possible left translated daily cycle formation — which should be bullish for silver.