-
Silver eyes retesting the $26.12 6-month high
Silver made significant gains and recovered 9.7% in the last two weeks. The price closed above the $25.0 and $25.27 resistance areas and will possibly reach the $26.12 6-month high in the coming days. I am expecting the price will make a small correction and will retrace to the $24.96 support level before heading for new highs. I would wait for the price to drop to the $24.96 support level before entering a long trade. The price is expected to make new highs in the coming weeks as the inverted H&S pattern has also appeared on the daily time frame which indicates the continuation of the bullish trend. ... (full story)