SILVER Daily Chart Topping -- Again -- Middle East Game Changer

SILVER daily chart shows the game-changing Middle East turmoil and how it boosted silver from mid-February, the blue circle, forward. Charts have all things known built into the price in real time, but this is a perfect example how events out of left field can change things. Silver was rolling over in February but the M.E. conflicts have powered it higher.

Now the overbot conditions, rising wedge and negative divergence forecast a pull back, but with that strong momo shown in the RSI, price will have to come back up again to these levels after a sell off. ADX once again showing a strong trend in this move higher reinforcing the idea that after a sell off the price will come back up again. Overall, however, silver should fall back into a rolling over profile as the M.E. settles down. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.