Silver Is About to Start Climbing

Silver may have broken below the support at 19.35, which coincides with (MA)89 on the four-hour time-frame, but it appears that its move to the downside is over at least for now, because it found support at 19.00 and formed several candlesticks that are a very telling signal that there is an impending move to the upside, namely an a spinning top candlestick as well as a pair of hammer candlesticks, all of them on the four-hour time-frame. If this signal is valid, then Silver will likely start climbing again and its first target will be 19.35, which from support will have turned into a resistance level. On the other hand, if the move to the downside continues its next target will likely be around 18.75, which is (MA)89 on the daily time-frame.