In my previous Silver analysis, I expected price to move lower, with the downtrend line acting as resistance and generating a sell opportunity, which it did.
After that move, price reached the primary uptrend line, found support, and broke the downtrend line with an upside imbalance. It then retested that downtrend line from above, generating good upside separation.
Additionally, when the previous low was breached to the downside, the market could not close below it. Instead, it closed back above it with strong upside movement.
All of this leads me to conclude that this market is in a technical position to move higher in the coming days, and I see no reason to look for shorts at the moment.
