Since my last analysis of Silver Futures in different time frames, I've found they have touched the strong support levels at $16.071 and look ready for an upward move from the current level, if they sustain above the level of $16.144. No doubt, silver futures are currently consolidating at the strong support from where an eruptive move may be too strong in upward direction amid growing volatility ahead. Look at the current position of silver futures in the same chart I used in my last analysis, I find that silver futures started to look upward from the current levels as soon as the interest rate-hike fear fades. I find that silver futures became too attractive for the bulls to start shooting the bears from close range. Formation of a shooting star in the 4 Hr. Cart is evident enough for advent of bullish moves ahead.
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