Linda Raschke: Silver shows selling climax and potential for upside move

Linda Raschke: Silver shows selling climax and potential for upside move
Silver technicals suggest reversal potential

Silver is exhibiting a sequence of technical patterns including a selling climax, a three-bar balance, an upside impulse, a three-bar triangle formation, and now the potential for a reversal. Linda Raschke, founder of LBR Asset Management, described these developments.

Raschke has previously discussed the importance of volatility breakout and range expansion models as part of her trading approach. She also highlighted market breadth conditions, noting a reading of -513 while energies, TRV, and NEM were among the leading performers in an earlier update. These observations provide context for her current analysis of technical patterns in silver.

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