Silver makes a culmination and may slide lowerSilver had performed the excess and culmination-like move on Friday, along with Palladium. Should the US dollar continue the retracement higher, the parabolic move on Silver may be fragile to profit taking, and it’s possible to observe it diving lower performing the mean reversion activity.
That's counter trend logic, so one needs to be extremely careful for such volatile assets and place adequate stops. Though, statistically, it’s unlikely that Silver can continue the bullish rally without a retracement, so the probability of success should play on the trader’s side.
Don't forget - this is just the idea. Always do your own reserch and never forget to manage risk!
