Silver moves lower by uncertainty of the FED september outlook

Some clear technical patterns show bearish continuation in silver spot. In the 4H you see the bit ugly, but still HS pattern. Followed by fading momentum on the 4H chart. Price breaking the lows and continuing it's path.

I now look for support to come in on the daily upsloping trendline. Just above are also some previous highs to watch. But as those are single tops and not multiple ones, it looks less logical to find solid buyers there.

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Wilco van Boxtel is Chief Currency Trader & Mentor at TradeReact. He has over 17+ years trading experience since 1998. Besides currencies he knows many other markets and assets. Now he is here to educate and inspire you to be successfull in trading too. Subscribe and follow his lead.