SILVER - More Precious Than Gold?

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SILVER is overall bearish trading inside the brown channel, and it is currently sitting around the upper trendline, so we will be looking for trend-following sell setups.

SILVER is overall bullish from a short-term perspective, trading inside these two gray trendlines.

So to consider selling Silver, the price has to form a third swing low around the lower gray trendline to consider it valid, then and only then, the reversal setup would be ready and confirmed after a momentum candle-close below the last swing low (gray area).

Trigger: Waiting for a momentum candle close below the gray area to sell.

Meanwhile, until the sell is activated, Silver would be overall bullish and can still test the supply and strong round number 30.0 in green before going down.

And of course, as Silver approaches our lower brown trendline and round number 21.0 we will be looking for buy setups on lower timeframes.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich