G'day All,
From my charting perspective the good bounce over the last couple of weeks looks a little overbought technically speaking to me right now. I changed my position to a short Fri in relation to this. I am all for bullish longer term view on Silver, but short term pause and slight retrace is looking possible to me after a roughly $3.50 rally. I don't intend holding this for long, but will do what the charts are telling me. I would love some other's thoughts on this to see your views. I am comfortable with this position and have a good stop in place should i be wrong.
Good luck all
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- short term retrace?
short term retrace?
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