Silver technically broke down from the initial up trend line but seems to be bouncing up off a less significant trendline the last several days. Breaking the trendline is bearish in the short run. With that being said Silver is a major long term buy for many fundamental reasons qe, negative rates, inflation, gold/silver ratio and silver in the long run will catch up to Gold. Also remember other than the trend-line this is an area of strong support.
Kommentera:
Silver broke that trend line which is short term bearish look for inverse head and shoulders / cup and handle
