#Silver #BullishFlag

FX:XAGUSD   Silver / U.S. Dollar
Silver marked the daily descending TL and 161.8 ext of recent low @14 which is the Aug. 2009 low. The hard rejection of that low pushing the price back into CZ but failing to make a new high raises a question about continuation lower. This bullish flag forming could signify intention for a further bullish move. The number of net shorts dropped last week in favor of longs.

PMs are time bombs waiting to be triggered.


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