A Pin bar has formed at a key level today on the Silver Daily chart.

Siver has been bullish lately, and we are are now at a critical level which could determine where the price goes from here.

There is a big level above, so it will be interesting to see if the price can push through it. Price tested these levels last week and earlier this week, it could be going to take another look soon.

For those more conservative, if you were to open a position, it could be worth waiting to see if this level can be breached and then look for a pull back to this new support level and waiting for a price action signal before taking a long position.

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As always, make your own trading decisions and the best of luck.