#Silver #BullishFlag
Silver marked the daily descending TL and 161.8 ext of recent low 14 which is the Aug. 2009 low. The hard rejection of that low pushing the price back into CZ but failing to make a new high raises a question about continuation lower. This bullish flag forming could signify intention for a further bullish move. The number of net shorts dropped last week in favor of longs.
PMs are time bombs waiting to be triggered.
PMs are time bombs waiting to be triggered.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.