Silver - We Look to Sell at 1645
Silver - Prices have continued the bearish move lower and resulted in 4 consecutive negative days. Trading inside the Daily Ichimoku Cloud. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. The 161.8% Fibonacci extension is located at 1620 from 1800 to 1688. Broken out of the Head and Shoulders formation to the downside. Our profit targets will be 1620 and 160.