No surprise that Silver finally broke to the downside. Why?
On the Weekly we see price making lower highs since 2011.
And each subsequent rally from 18.20 was getting weaker. Finally on the 4th attempt price manage to break and close below 18.20
On daily we see strong momentum to the downside. No reason to be looking for longs at all.
On 4 hour we can look to sell should price retrace to the EMAs or trade a breakout to the downside.
Manage your risk and trade safe!