Hello Price Action Traders.
Silver continues its rally trading above the 200 SMA at 20.85 after precious metals climbed on global tensions last week. The metal is now congesting and an Inside Candle appeared, a price action signal. There is actually a contrast between the “risk on” scenario with Wall Street near highs and the “risk off” situation with geopolitical tension in the Middle East. However, a continuation of the trend has to occur to validate the signal.
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