![\"Silver](\"http:\/\/i.imgur.com\/wEhNJoy.png\")
<\/p>\nAfter Silver broke below the $20.00 mark and 61.8% retracement level between $18.64 and $22.16, the bearish swings slowed down and eventually stopped altogether. The last four business days have formed a range in the shape of a triangle formation.<\/p>\n
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The resistance of the triangle was confirmed by the 200 Moving Average on 1H and the 50 Moving Average on 4H timeframe. The triangle break-out and the move back above the $20.00 level indicates Silver will be searching for a lower high in the coming days.<\/p>\n
Silver\u2019s search for a high should lead towards $20.55\/60, where buyers will find the first resistance in a confluence between the 38.2% Fibonacci retracement and a price pivot zone from March.<\/p>\n
********* <\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" After Silver broke below the $20.00 mark and 61.8% retracement level between $18.64 and $22.16, the bearish swings slowed down and eventually stopped altogether. The last four business days have formed a range in the shape of a triangle formation. The resistance of the triangle was confirmed by the 200 Moving Average on 1H and … <\/p>\n
\nPrepared by Alexandru Z., Chief Currency Strategist at <\/i>Capital Trust Markets<\/i><\/a><\/p>\n