michael.j.macauley

Silver Rolling Off the Cliff

Short
FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver has begun to complete its correction after obtaining the high post BREXIT. Similar to gold, silver is currently in a bearish trend. We have broken technical trend resistance some 5 days ago, but silver has been hanging around a little bit with gold as the bulls take their time to lose confidence.

Also similar to gold, we are long term very bullish, but there must be a consolidation on this movement before any further upward movement can continue.
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