Silver and Copper have rallied hard in the past 3 months.
👉Silver Futures on Comex up by ~22%
👉Copper Futures on Comex up by ~34%
However, the charts have painted a bearish picture with double tops forming in the previous week on both charts. Does this mean a temporary pause in the rally or a meaningful reversal? Only time can tell.
Silver - A Double Top formed last Thursday, 27 Mar25 with a previous high on 22nd Oct24, with a bearish Harami candle the following day, a sell signal. Daily chart below.
Daily Chart of Silver Futures in Comex - Bearish Harami Candle after forming a Double Top
Copper - A Double Top formed last Wednesday, 26 Mar25 with a previous high on 20th May24, with a Gravestone Doji on the same day and a big red candle the following day, a sell signal.w.
Weekly Chart of Copper Futures in Comex - A long gravestone doji at a double top (May'24)
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