The Moment of Truth has arrived for the Silver Price!

My fellow Steemians,

The silver price has had a heavy year until the first days of November, when the bottom of 2016 was retested. At the moment of the dubble bottom the silver price exploded higher, until the last few weeks.

The last 2 weeks the silver price declined severly.

On the chart of Kimble Charting below, you can see that the moment of truth has arrived for the silver price.

You can see the descending triangle. We had a similar triangle in 2011. When this triangle broke the silver price declined more than 40%.

Will the silver bulls hold the support line at the 23.6% Fibonacci level?

Only time will tell!

Thank you for reading!

_{https://slimbeleggen.com/trends/moment-van-de-waarheid-is-voor-de-zilverprijs-aangebroken/}