Market Update on Silver (XAG & SLV) 5/25/2018

On a long-term basis we want to see if price will test the upper bound of the wedge of this move or if price will elect to gather itself in the flat channel once again. We are a couple minutes away from the futures market open so we have a lot to consider here.

Drilling down to a 3m chart it looks a tweezer is forming which would indicate price is topping out but we will not get a confirmation until the market opens. If we push higher the next test is the 16.97 level.