The "silver floor"
I have stated that silver prices might have found a floor around $17....The reason for this is that on the daily silver chart one can notice a gold (silver?) cross MA(200)=7.16 and MA(50)=7.17.
It is possible that this might not hold up meaningfully; however, note on the 2 year daily silver chart, that the last gold(silver) cross occurred in March 2016, when silver rose from $15 to $21 in the following 4 months...(yes we could bounce around here a bit first though...)
If we DO in fact cross over $17.17 permanently to the upside, with support from both the MA(50) and MA(200) as a floor, EXN MIGHT be nicely setup for spectacular gains, as per spring 2016.
May the odds always be in your favour.