Silver currently looks range bound

10 thg 7, 2015

Silver has been trading in this range since around august last year. It has just recently tried to break to the downside but that price has been rejected and has moved back into the range. This looks to me as if it could be a buying opportunity. We also have candle conformation with the long lower wick. I expect this candle to finish the week off as a hammer then the price to move towards 17.500.