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Silver Smashed After Record Highs – USD Holds the Gap

From forex.com

Silver was all the rage through the Christmas holidays and that even extended through this week’s open, with the metal rushing all the way up to and beyond the 80-handle to set a fresh all-time-high. But that enthusiasm couldn’t remain for long as profit taking soon took over, and at this point, the Monday candle is showing as a bearish engulf as sellers have erased the entirety of Friday’s gains and then some. As highlighted in the above video, this doesn’t necessarily mean doom and gloom, although bearish engulfs can often show ahead of a significant reversal or pullback theme. The year of 2025 was an easy one to ... (full story)

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  • Category: Technical Analysis