Mihai_Iacob

Silver is approaching short term resistance

Short
OANDA:XAGUSD   Silver / U.S. Dollar
After making an instraday low just under 22 figure on Monday, Silver has started to recover and now is trading at 22.55.
However, the rise from the low looks corrective and is overlapping and now the price is also facing 22.60-22.80 strong resistance zone .
My opinion doesn't changed and I 'm still bearish Silver but at this moment I wait for more confirmations.
A daily close under 22. 40 would bring this needed confirmation and price can drop to 21.40-21.50 after such a daily close

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