PRICE ACTION DAILY | SILVER

Hello Price Action Traders.

Silver – Xag/Usd

The silver spot market formed a new inside day, the third day in a row. Prices are squeezing forming a triangle. The trend, as you can seen from the daily chart is short. A good entry for a short trade is on the bearish break-out  of the previous days low. The first technical support is at $ 18.20. The breaking of this key level could trigger some stop lossed and price could keep falling into next level at 17.50$.

 

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