Silver bears are looking tired after a 16% decline

commodities trading
Matt Simpson financial analyst
By :  ,  Market Analyst

In today’s video we look at spot silver prices over the daily and weekly timeframe. If silver prices close the week around current levels it will leave a Doji above key support. It would also be its fifth consecutive bearish week which, by historical standards, is quite rare. Ultimately, we think that the bashed metal could be due a corrective bounce over the coming days or weeks.

 

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