So the market took at shot at the 16.97 support and it failed. Price is currently testing the 16.65 level and this is the time to 'watch' and not 'trade' as we need to see if this level will hold.
The internals on the 3m chart are ugly. I would wait until the selling let's up and for the dust to settle before deciding to trade this.
The candle on SLV looks pretty harsh, let's see when a wick develops and if price begins forming a decision pattern before stepping in.
gambler zone, high risk high reward
I’ve bought silver from $21 all the way down to $16. When do you think we will break the $20 mark again? Upvoted and followed!
Based on a delta neutral study of the derivatives no later than the 2nd week of July