Market Update on Silver (XAG & SLV) 4/10/2018

Interesting price action here. We have a sharp pull-back at the open but this is not your typical bankster slam of yore. A drill down will show you why.

On a 3m chart you can see that although the selling had the same 'look' to it, the volume was not there and price is already recovering. You could say that 'the bears' couldn't find any friends to jump on the 'short' wagon. Let us see how price action resolves itself during the day. If we turn positive for the day then whomever sold at the open didn't get the memo and just got trapped which would push price higher.