Short term target £13.20,beyond if golden cross of 50EMA over 200MA holds,eve/adam pattern description and possible extensions to support and resistance. Looks like handle extension impulsing to recent adam structure price extension,confirming the bottom enroute as indicated on the chart
Silver’s day end close below the double top neckline level of GBP 14.514/Oz with daily RSI at 40.00 suggests the prices are likely to drop further to GBP 13.74/Oz (June 24 high).
However, 5-day losing streak has left prices oversold on intraday charts, thus a minor rebound from GBP 14.327 (23.6% of Dec low – July high) could result in a brief jump above neckline...
