{video} The technical picture in silver deteriorated on Monday as it fell to a new retracement low with a wide range red candle. Trading continues near the lows of the day but at the time of this writing the low is at 21.93. Minor support was seen there leading to a small bounce. Support was seen at the 78.6% Fibonacci level of a falling ABCD pattern, leaving the impression that it is recognized by the market. If a continuation of the ABCD pattern is triggered on a drop below today’s low of 21.93, silver will next target a full completion of the pattern at 21.21. {chart} As discussed previously, the ABCD pattern can ... (full story)