Bullish Recovery on Silver/USD

От catskillmutual
Despite a strong CPI Report, we see a nice recovery on Silver today along with Gold futures. We recovered slightly, consolidated into a bullish pendant and broke out for today's gains. Long term, I still see silver and gold as alternative currencies along with bitcoin.

Current trend is riding tightly over the 13EMA and crossed the 20/50 SMA
Chart PatternsTechnical IndicatorsSilversilverlongTrend AnalysisXAUUSD
catskillmutual

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