SILVER Testing 50 SMA

CHART-II

• Price has broken the triangle pattern in four hour chart.
• If price closes the daily candle at these levels it's a close below 50 SMA which will favor bears of silver.

CHART-I

• Silver daily is testing 50 day moving average again.
• four hour chart shows price at the support line of the triangle.
• Bulls were saved many times by 50 SMA in the recent past. So if it gets tested repeatedly a breakdown may happen.
• For now price is pausing at the triangle support line. Bulls must hope for a bounce from the support line of the triangle.
• ES TRIANGLE UPDATED