Three major support and resistance lines for SLV to watch for

Below are the 3 major support and resistance lines that are in effect right now.  The important action today is within the blue circle.  As you can see, the chart is moving toward the vertex which represents the confluence of two multi-year trend lines.  The lower one provides support and the downsloping one provides resistance.  Nobody knows for sure which way it will go next but the odds are high that if it breaks out of the down trend then much higher prices should be expected in the coming years.  If it breaks down below the first green line (upsloping) then next support is at the second green line (downsloping but nearly horizontal).  These should be used in conjunction with wave counts in order to increase your odds as much as possible in the picking of turning points.