Dangerous Silver Lining
Silver, SI1!, which made its wonderful rally recently, is now under serious headwinds.
Not only is it technically challenged, it is also under pressure from a rising USD, and a strong Gold retracement.
Breaking down from a triangle, with deteriorating MACD, and triggering a Sell signal, silver has a probable support around 23, else should check in at 19. Possible extension to 17.50, about US Elections.
Not only is it technically challenged, it is also under pressure from a rising USD, and a strong Gold retracement.
Breaking down from a triangle, with deteriorating MACD, and triggering a Sell signal, silver has a probable support around 23, else should check in at 19. Possible extension to 17.50, about US Elections.
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