Peeking at xagusd, or silver expressed in usd. The monthly candle chart (+4 years) shows the price action for the past +3 years is in a descending channel.

xagusd_m

The weekly candle chart has nearby support and resistance identified. IF broken, the implied measured move is added to the breakout line.

xagusd_w

The 1 year daily candle chart shows some recent test of the support line. Another test of that support line is approaching.

xagusd_d

My alerts are set.

When triggered, I’ll come back to this chart and re evaluate.  Right now, there are two possible scenarios: 1- Bullish case is a monthly candle close above 22. The target would be 29. 2- Bearish case is a monthly candle close below 15. The target would be 8.

The peek is now over, the waiting game begins!