Thursday's trading in silver saw a brief fall to the 61.8% Fibonacci retracement level. The price then quickly rallied and closed green on the day, forming a fine bull hammer candlestick. The relative strength index dipped as low as 38, indicating a moderately oversold condition.
The kneejerk selloff in the metals that followed Trump's election appears to be unwinding, and Silver may be ready to begin it's next leg higher.
The kneejerk selloff in the metals that followed Trump's election appears to be unwinding, and Silver may be ready to begin it's next leg higher.
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