The Silver market has produced a bullish rejection signal off a daily support level with a close that is higher than the open. This is the second time round price has rejected this support level and this rejection signal could be the tip off of a potential double bottom out. Another thing to note is the signal candles low does penetrate below the support level, showing price did try to go under there but was quickly picked up by the market with bullish strength.
Keep in mind the trend is still considered down so this is a counter-trend signal. Counter trend signals do have added risk to them.
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