Short term support turned resistance
Updated
Not a good sign for silver.
I was bullish on silver until COVID-19 hit the western countries and shit hits the fan.
Still holding spot buys of silver since $14.80.
12hrly looks like another drop is incoming with declining volume.
4hrly bearish engulfing candles. Do note it's still 30 mins away from candle close.
Unless price action happens to ramp up above $15 and closes in that region, I believe it's still overall bearish.
I was bullish on silver until COVID-19 hit the western countries and shit hits the fan.
Still holding spot buys of silver since $14.80.
12hrly looks like another drop is incoming with declining volume.
4hrly bearish engulfing candles. Do note it's still 30 mins away from candle close.
Unless price action happens to ramp up above $15 and closes in that region, I believe it's still overall bearish.
Note
4hrly closed as expected. Officially bearish atm
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