On a day that shows a dearth of market fundamentals, the technical picture on the XAG/USD silver price daily chart reveals the presence of another pattern: the bearish flag. This flag has formed as bulls struggle to maintain the integrity of the 200-day moving average. Tomorrow, the US Consumer Price Index data will be released. The markets are expecting a slight increase in the headline and core numbers, following the trajectory of the Producer Price Index released last week. A higher inflation figure could prompt expectations of the Fed acting sooner to raise rates, which could enhance bond yields and the US Dollar ... (full story)