Silver's price seems to be shaping out the pattern. Short is active!
* The price of silver ( XAGUSD ) has drop sharply from $18 to around $17.60 on Tuesday's trading session.
* FOMC decision to cut interest rates and weaker-than-expected PMI data from China couldn't restrain Silver's price from falling.
* Though, Silver prices had demonstrated a run on a break-out of the descending trend channel, the recently formed pattern could be described as a .
* Moreover, Silver is currently trading below the 21 Daily , and the price is likely to break $17.50 down, heading to 200 around $16.50.
Active trade signal
Sell @ $17.60 - $17.75.
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