Top in Silver seems to be set!
We have seen a massive (and engulfing) sell-candle today as silver gave up roughly 2.50% of its worth. It very much looks as if the downtrend in silver (and gold), which started April 2011(!), now resumes as a lower-high now looks to be set on 10-07-14 and we're going to test the major support-level at around 19$ once again.
To trade this, it should be wise to wait for a decent pullback into the 21.134-Area for a better risk-reward-ratio.
To trade this, it should be wise to wait for a decent pullback into the 21.134-Area for a better risk-reward-ratio.
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