Silver Pin Bar After 8 Day Bull Run | Aug 19th
Spot Silver – Forms a Pin Bar At Resistance
As we stated in our weekly market commentary, we noted the 8 day bull run had only happened 4x before in the last 3 years, but none that went 9 days straight. Our suggestion was for a light pullback and likely bear close which we got today with a daily pin bar signal.
Although there might be a little more pullback in the precious metal, these should be considered pullback opportunities to trade with the trend. So keep at eye on 22.60 and 22.12 for key support levels to get long, eventually taking out the most recent highs at 23.57, gunning for 24.56 and then onto 26.63.
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