Head&Shoulder Formation in Silver futures

Head&Shoulders formation indicates a drop in silver price much expected since plenty of trader have been using silver as a refuge while waiting for the Nasdaq to confirm EMA200 breakout and now pullback. Also the targer is a previous consolidation range froma month ago... this is just technical obviously, there is fundamentals to be aware of if you are going for short, if not, you could be lower your risk and just wait for price at bottom and buy some silver wich is expected to reach high this year.
Chart PatternsshortSilversilvershortTechnical AnalysisTrend Analysis

Disclaimer