SILVER BULLS : CAUTION IS WARRANTED!

Summary

The silver market came back down to activate a daily short trigger from $16.61.

It also activated another short signal on a close below $16.40 with a goal of $16.18.

If we close below $16.19, we are activating a monthly short as well.

The market has accomplished the extremes above the mean and has gone beyond the extremes, which indicates the market is extremely overbought.

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Patrick MontesDeOcaEMA2trade.comEric Sprott