Silver aggressively rallied upwards; takes a breather near highs

From xm.com

Silver advanced fiercely from July 9, towards a thirteen-month high of 16.635 and currently stands at a temporary stall, while buyers try to regain the reins in the short-term. Price is way over the Ichimoku cloud, and its Tenkan-sen average points north confirming the positive bias, whereas the Kijun-sen indicates the present stall. The 50-day simple moving average (SMA) has just crossed above the 200-day SMA. The MACD has soared above its trigger in the positive region, whereas the RSI trades in the overbought area. The ADX exhibits a very strong trend, and all the above are signaling the bullish bias. Keeping the ... (full story)