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Analyzing Silver’s Short-Term Prospects Amidst Recent Price Swings
video Last week silver triggered a bullish weekly reversal on a breakout above the prior week’s high of 23.28. The pattern from the previous week’s high was a bullish hammer candlestick. Subsequently, the bullish breakout was confirmed by daily closes above the week’s high as well as a strong weekly close, in the top half of the week’s high to low range. Starting this week, silver has pulled back triggering a daily bearish reversal from an inverted hammer candlestick pattern formed last Friday. chart Given the weekly breakout of a strong bullish candle last week and the subsequent confirmation of ... (full story)