Silver forming Bullish Engulfing Candle, May close above 9 SMA
SILVER - Silver is in an upward trend
- On the daily it is forming a bullish engulfing candle
- It is poised to close above the 9 SMA on the daily
- If after Fed minutes it holds above 9 SMA and completes bullish engulfing candle I would have a near term price target between $34 and $36 per ounce
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