A bearish inverted hammer candlestick pattern on the weekly chart, coupled with a drop below last week's low, suggests increasing selling pressure. Silver peaked at a trend high of 25.00 last week.

As I mentioned in a recent Charts in Play, flag formations are one of my favorite chart patterns to trade. These triangles generally represent continuation patterns or pauses in a major trend.

One tool that many traders and a majority of investors do not include in their investment or trading decisions is Fibonacci analysis. Though some have not been exposed to this type of analysis, many ...