SonicDeejay

Silver (July/18) Analysis

Short
SonicDeejay Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
Silver

We are in the deep sell-down mode lately and there is no end in sight at this moment.

It shall go lower as there are more bear forces are in it.
I foresee a strong support nearly at $14.5. So, the sell is still the better bet.


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Sonic



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Comment:
Silver

I am not seeing a big edge at Silver at the moment, it may swing up but I do not think it will be a big move.

I will stay away from it and not be taking any positions at the moment.

If you ask me to choose a side, I will say it may fall further as the overview is still bear. Let's chill.



S0nic


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