May 2021 - Silver - 17.03.2021

Are Silver forming a corrective pattern?

1. Fundamentals
Market seems to wait news comes from FED's meeting.

But, ETF's holding Silver as well as disappointing US Reading (i.e: US industrial production/capacity utilization); i think, US dollar will be lower and it pushes silver higher.

2. Technical.
Silver are currently in corrective pattern as i draw in my pic.

25.45 - 25.70 is a support zone. I think, this is a potential reverse. Traders could wait actions happen in this zone.

In my opinion, i think, silver will climb higher and reach 27.05 in coming days.
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