Silver has managed to stop its decline below its 0.38 Fib at $28.47 because earnings season has been heating up and Mega Caps have started to report, if they had beaten strong, I suspect Silver would have continued lower to the 0.5 Fib at $27 at least.....now that $TSLA and $GOOG are in and they have been underwhelming, and $GOOG has lost its 50 Day MA in the PM, Silver may feel some love here as concerned capital may be moving into a traditional safe haven.
If Silver can continue to hold above the 0.38 Fib then I will be happy but also I would not mine adding again if we got a test of the 0.618 Fib and the 200 Day MA at $26.