Silver markets fell a bit during the week, as the $16 level has offered a massive resistance. What I find interesting about the $16 level is that it coincides with previous support, so that of course could be resistive. Beyond that, we also see that it is the 61.8% Fibonacci retracement level from the massive selloff earlier this year. If that’s going to be the case, it’s likely that we will see a lot of tenacity by the sellers in this area. That being said, if we can get a weekly close above the $16 level, it would be an extraordinarily bullish sign. {video} Much of what we have seen lately has been due to the ... (full story)