silver shifting momentum

Jun 7

As mentioned earlier on 30th may silver seems to be signaling a reversal on the 4-hour chart. It's showing a double top pattern first and now formed a head and shoulders pattern, both typical signs of a potential turnaround, which often indicate a shift in momentum. Watch closely the key level of 90,000 again. If silver falls below this level, it could find support around 88,000 to 87,000. Further support might be seen between 84,000 to 83,000 in the upcoming days.

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