We have arrived at an important point with silver. Taking a look at it I can assume that the rise we had yesterday with the FOMC rate decision was a way for it to come out of the oversold area. If todays daily candle closes as an inverted hammer that would be a good signal to short.
Looking at past data when price reaches 17.04 it mostly always drops to 15.78.
look for long term sell when price revisits this area.
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Price might consolidate for a couple more hours in this area. Seems that a drop is coming soon