The more time it spends around green box, the more chances are it will break it down. A support reaction should occur soon. If not, then we can suspect that bears are just warming up. Will update the idea. Stay tuned
Comment:
No, Silver did not get enough support. I am preparing for shorting Silver. The target is below 15$
Trade active:
The recent price action in Silver suggests that it is about to break $16.0/oz, which may also lead to a huge selloff in Gold. $16.20 used to be a strong support in the last 2 years, but we do not observe the same right now. A lack of support can send it to below $14.0. I shorted from $16.24
Trade active
Trade active:
I see some weakness in DXY. I lowered my stop to 16.20 since this weakness can reflect itself on Silver. I have short from 16.24 and my stop is at 16.20
Trade closed manually:
With small profit
Trade active:
Shorted again.