Silver is in a mid term down trend.
Chart below:
Price has had trouble breaking higher through 32.75. There is a decent resistance level here showing that price may wish to continue down.
Chart below
Should price break down below the Central Weekly Pivot point, creating a new low on the short term charts. I will look to enter short.
Chart below.
There is a US bank holiday today and price action is limited so this could be later this evening or tomorrow.
I will update again if and when price makes its move.
Regards
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