Silver Unwinding From Oversold Conditions
Silver is unwinding from oversold conditions, after extending lower from its bearish reversal signal that was triggered by our DeMark™ exhaustion signal on 28th Feb.
The move is still beneath its 200-day average which is currently trading at 34.7625.
Moreover, the break beneath 33.9000 has unlocked sharp setbacks into 30.0000 (psychological level).
The bulls need to push back above the 200-day average to maintain any potential recovery into 37.4750 (29th Feb high).