Silver taking a rest before moving higher

Here's a little secret about silver - Silver generally moves in 2 or 3 dollar increments from the resting low to the high before resetting and this action takes about 10 trading days to occur.

So far, Silver has fallen about 2 dollars from the 16.23 inter-day high down to 14.20 ish.

I think a great buying opportunity might occur at 13.70 or as low as 13.23.  A drop down into the13.00 dollar range will result in a 3 dollar upswing.  The RSI is neutral and is sitting at the

38.2% retracement value and the MACD is hovering on the 61.8% retracement level.  The RSI is indicating a neutral position while the MACD is a bit high which indicates a fall back to 13.70 or lower.  Look at the chart and you can see Silver is in the process of building a small head and shoulder bull formation.  It is currently building the right shoulder.  The right shoulder will be the most telling as to where the price of silver is headed.

The current price target for Silver is 26.00 according to my point and figure chart which I included below: