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$Silver Giving Topping Signals, Extreme Caution Warranted

|Includes: VAALCO Energy, Inc. (EGY)

The descending triangle on silver has resulted in the "pop" targeting the second wave within the triangle, as I've watched many of these unfold it was to my expectations, however this is not a bullish formation. At any point within the target region the price could drop quite swiftly, testing support at $18, and ultimately targeting $15-$16 in an impulsive move.

technical on the daily are giving me topping signals, RSI is at the top of the range, while the MACD attempts to cross over. If price can exceed $23.50 then I will revise my primary expectations... Target region reached, Technicals showing weakness