Peter101
Long

Silver: Consolidation fase in Silver is over?

FX_IDC:XAGUSD   Silver / U.S. Dollar
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The very long lower wick on the candlestick for the 26th of June is very bullish ; it completed a Hammer candlestick reversal pattern.
It looks like a low is in place at least short term.

The last downwards swing within the consolidation now looks likely to be over, so an upwards swing may now be in its early stages and may last a few weeks.
Comment: Look now for Silver to move higher and only end the upwards swing when price is at resistance and Stochastics is overbought. Short-term long positions may be used.
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