Is a Massive Silver Breakout Looming as Supply Deficits Enter Sixth Year?
From fxleaders.com
Silver is consolidating robustly at $75.42, dipping just 0.17%, as the metal tries to find footing in its industrial utility amidst a tepid macroeconomic environment. A bull flag consolidation in parallel descending channel, building power for a big breakout in the precious metal as its strong bullish fundamentals, driven by real supply and demand, start dominating changing macroeconomic and monetary policy expectations. The price structure on the two-hour chart appears very clear. Silver has recently put out a bullish hammer candlestick pattern, as price bounced hard off its key dynamic support level at the blue ...
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