Silver taking on the bears back above the 38.2% Fibo

• Silver gained 2.5% into the close on Wall Street.
• There are prospects for a rerun of the 18.00 handle and trend line resistance.

Silver had scored a new low for the month at 17.39 on Friday.   The precious metal was below the  21-daily moving average and a 50% Fibonacci of 2016 highs to recent swing lows. The metal also dropped to below the 38.2% retracement from where it bounced back from trendline support and  gained 2.5% into the close on Wall Street which opens prospects for a rerun of the 18.00 handle and trend line resistance which guards a run to the Sep highs of 19.64.    

Silver daily chart