A possible double top has formed in the precious metal.

The Silver market has potentially double topped. More importantly, this is happening at a key Fibonacci level and previous support from the lows back in April 2018. The 61.8% retracement level has left two candles with very long wicks, which is a signal of near term reversal. And a break of the uptrend line at the $15.60 level could mean a move back to the $14.90 level near term.

Silver Double Top

Blake Morrow