Market Update on Silver (XAG & SLV) 5/2/2018

If you caught that bottom yesterday you are now a happy person! So the question becomes what is going to happen next?

Drilling down to a 3m chart I put an arrow to show the selling that was occurring just before the US open. This time the selling did not work as price recovered quickly. Whomever is doing the slam is still doing it in the morning but I want to stay in the long side of this trade until 16.48 with loose stops.

SLV following suit but lagging a little which is good if you are a trader.