Silver meets 2018 peaks; bias neutral-to-bearish

From xm.com

Silver topped near its 2018 peaks this week before pulling slightly back, with the MACD and the RSI pointing now to a neutral-to-bearish mode in the short-term; the former is increasing negative momentum below its red signal line, while the latter is fluctuating slightly below its 50 neutral mark. The support area around the 23.6% Fibonacci of 16.90 of the upleg from 15.03 to 17.49 will be closely watched if the decline extends. In case of a sharper downside move, the 38.2% Fibonacci and the lower bottom of the Ichimoku cloud, both near 16.55, may prove more challenging as any violation at this point could add more ... (full story)