The Friday candle of the silver chart is called a "Black Marubozu" in the Japanese candlestick chart analysis,a strong bearish signal:
The 1 year chart looks quite scary as well:
This could go downhill fast ....
Personally I would go short on silver once the quote drops through the 33 $ but I am not trading derivatives even it's often very appealing and just focus on DAX blue chips instead.But on the other hand I don't know if it's possible to resist to go long on Silver once the trend turns again around 26-28 $.:)
The 1 year chart looks quite scary as well:
This could go downhill fast ....
Personally I would go short on silver once the quote drops through the 33 $ but I am not trading derivatives even it's often very appealing and just focus on DAX blue chips instead.But on the other hand I don't know if it's possible to resist to go long on Silver once the trend turns again around 26-28 $.:)
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