SLV daily Dec 1st
So far, we have some very bullish price action following the post-Thanksgiving selling in gold, silver & oil on Friday. Although a break above the downtrend line could spark a rally towards the T1 zone, a break above 16.05 remains the higher probability entry/add-on to SLV.
Note: A new target zone (T1) has been added with the former T1 now re-sequenced as T2. Updated daily chart of SLV (Silver ETF):