Silver - Cooling Off
Silver has run up in the past 2 weeks and is starting to cool off with a base building between $16.80 and $17.55. RSI and MFI are right in the middle and MACD is starting to cool as well.
Looking for it to consolidate in this new range for the next week before hitting the lower bound of the ascending channel that started back in mid-March. Price action appears to be forming a bull flag so expecting the price to take another leg up towards the end of the week. Next targets are $17.50, $17.82, $18.10, and $18.63.
Looking for it to consolidate in this new range for the next week before hitting the lower bound of the ascending channel that started back in mid-March. Price action appears to be forming a bull flag so expecting the price to take another leg up towards the end of the week. Next targets are $17.50, $17.82, $18.10, and $18.63.
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