The 4H Silver chart shows a range-bound market. Resistance can be seen at (R1: 33.05, and R2: 33.25). Support can been see at (S1: 31.15, S2: 30.97). Within this range, we do have a couple of directional clues. Price is under the 200 4H simple moving average as well as 55 and 21. A bearish moving average alignment of a bearish market would have 200 at the top then 100, 55, 21, and 8 progressively lower. At the moment, the order is 200, 100, 21, 55, 8, which shows mostly bearish bias, although some choppiness at the moment against that bias. Another bearish clue is that the latest rally failed to attack the range ... (full story)