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Technical analysis:
Silver has been trading downside this as I expected. There is the potential for the bigger breakdown and lower prices.
Trading recommendation:
Due to the fake breakout of the triangle in the background and strong reversal, I see potential for further drop.
Watch for the potential selling opportunities on the intraday rallies with the downside objectives at the price of $18.78 and $18.53.
Stochastic oscillator is fresh bear cross, which is another sign for the downside movement.
Key resistance is set at the price of $20
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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