Seeing a bit of a bearish flag forming on the H1 chart after that quick spike up. If it breaks below the low from about an hour ago, might see a decent drop.
Hey @megan4084, yeah I saw that too. That bearish flag you mentioned on the H1 looks pretty convincing. I've been up watching this Asian session and it's been choppy as hell but if we break below that low you're talking about, say below 72.10, I'm definitely jumping in for a short. This whole Iran ceasefire rumour is making oil and gold a bit unpredictable, but silver seems to be struggling to hold ground here. I reckon the 200 SMA at 71.61 could be the next target if we get some momentum. This sideways action is painful though, feels like it's just been grinding sideways for hours. Your observation is spot on though, good eye!