Short-term bullish setup for Silver

٦ يوليو ٢٠١٨

Silver is showing signs of an inverted Head and Shoulders pattern. With the neckline at $16.11, a break above it will open the way for a move higher towards $16.50 (1st target) and $16.70 (2nd target). Today's NFP announcement could provide the causation for such a break out. So looking closely for a sustained break above $16.11 to go long with stops at the low of the right shoulder.