Silver has been week for past 3 days ever since it touched the 54800 mark. Many naive traders kept carrying over their short position after seeing bearish crossover in stoch and MACD. What happened on friday has consolidated my faith in conservative Technical analysis. On friday price was still goin down whereas MACD, stoch,RSI were making higher low showing there was buying pressure being built up at this level. And the silver made high of 54100 after making a low of 51900.
