Market Update on Silver (XAG & SLV) 5/21/2018
One heck of a bounce there on the 15m chart of XAG on the pre-market. Market opens in 14 minutes and how it trades from there will tell me if this is a bull move or if it is just short-covering leading to a re-commitment from the short sellers.
Drilling down to a 1m chart the market internals look strong in the pre-market. Questions remain, as this is at resistance so let us see if it pushes through or fails.
4v2 decision triangle setting up.
aaand the 5v2 triangle morphs into a completed wedge...interesting
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