Possible silver pullback as a good buying opportunity?

27 May 2021

If silver would break the uptrend line which is intact since the beginning of April where would the correction end? If we project the last downward impulse move from the 18th of May this would bring us to the 26.6$ level which corresponds to the 38 Fibonacci retracement of the uptrend and there is also a major support level (price and 50EMA). A reversal candle at this level could be a good entry point.