Later on the cloud will reject it, but we'll have a strong fomo rally prior.
Buy 390, sell 530. Play the price action. Long term target $1780
Based on fibonacci timeframes, I believe we've seen a low medium term. Silver is also holding the 200 month moving average. I believe the swing should bring us to the 100 month moving average around 22. In my opinion we should see a run to 21-22 by 2017.
RSI giving a higher low, risk to reward warrants a look to long here back into the monthly cloud. Great longer term entry and relative strength to XLE.