In order to get rid of the negative effect of yesterday's candlestick and the overbought sign appearing on the Stochastic; where it needs to breach the intraday resistance at 1244.00. If that occurred the way will be paved to attack the historical high of 1252.00 and furthermore the CD leg of our suggested harmonic butterfly pattern will be activated; targeting 1271.00 zones. To conclude, we believe that the aforesaid pattern is still valid and the bullishness might dominate the movements over intraday basis.
Recommendation Based on the charts and explanations above our opinion is, buying silver around 18.25 levels targeting 18.75 and stop loss below 17.85 might be appropriate
Silver
Silver is moving within a tight range but it succeeded in stabilizing above SMA50-colored in red- as seen on the provided daily chart. Therefore, we see chances for achieving additional bullish actions over intraday basis; targeting the extreme objective of the previous discussed AB=CD pattern at 19.15
