Silver actual TA picture...
Holding nicely the high level we test and reach last week.
Normal pulling so far.
After all the upside since we breach the 29$ line - to high 35.10$, in only 4 weeks ---
overbought is showing up --- a consolidation could be our next (+++)move...
I'm looking for a sideway trend to build and hold in coming days, weeks.
Let’s say into - 33.50$ or best 34$ low to recent high 35$ trading range.
Next challenges for silver in the near term:
On the downside, need to hold above the low 33.50$ line.
On the upside, 2 levels of resistances are on the way, 1st the 35.70$ and 2nd the 37.60$ but not there yet…
It’s on the wait and sees mode here.
Consolidation (sideway trend) is often our friends…
Just my TA opinion here, Dyodd!
weekly silver chart: