SHFE Dec Silver shot up to all time high around 8700, heavy profit taking emerged and prices settled around 8200. As per Japanese candlesticks chart, A shooting star pattern appears on chart, a potential reversal signal. Major support area is 7700-7300. China announced Jumbo stimulus of 1 trillion Yuan ultra long bond to support property which has produced huge speculative buying in risky assets. COMEX Silver surge to 32.75 yday. Current range 31.24-32.93 admin May 21, 2024
DEC 22 ICE….after a prolong decline a DOJI pattern appeared..Lets watch today’s closing..close abv 76.15-45 wud be ray of hope for bulls…close below 70.89 wud negate technical recovery. admin November 1, 2022
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