You can see clearly that Silver is under pressure and a bearish rising (ascending) wedge has formed signaling a drop.
look for support around the 16.56 to 16.45 levels
I am sure lots of you seasoned tech analysts can recognize this pattern.
there is a possibility we might see a breakout soon on silver. Long term outlook is bullish unless the markets says otherwise.
The interest rate hike could send commodities down on Wednesday. This could be an opportunity to enter at 15.386 that is if we don’t get stopped at 15.6
Thank...
