An effective candlestick pattern can be witnessed in Silver on a weekly time frame - The 3 bar play. A momentum buildup is in progress and the trend is expected to reverse. Silver has also given a breakout of it’s resistance of 58986 with good levels of volume.
We expect a rally up to the levels of 61294-62660 in coming weeks.
The above analysis is just for educational purposes. Traders are advised to do their own research before making any decisions.
We expect a rally up to the levels of 61294-62660 in coming weeks.
The above analysis is just for educational purposes. Traders are advised to do their own research before making any decisions.