FieryTrading

Silver Falling After Retesting Resistance

Short
OANDA:XAGUSD   Silver / U.S. Dollar
Silver has failed to close above the upper resistance and is falling quickly. The price passing the $26 mark is for me an indication that silver has started a new downtrend. Looking at the size of recent candles, we're not stopping anytime soon!

I'm eyeing Support 1 and Support 2 as potential areas of high buying power, based at the recent lows. Do your own DD.

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