Silver stalls its pullback at the 200 day EMA

Silver has been falling rapidly since it changed its trend to the downside and breaks below the 200 day EMA (blue line), which currently around the 17.40 level to reach a low around the 16.80 level. At the 16.80 level, silver makes a double bottom formation and bounces to the upside to reach the 200 day EMA level again, which coincides with the 55 day EMA at which point the bullish momentum dries up and comes back down. The previous candle has the shape of a doji with a long upper shadow, indicating that the sellers have come in and have taken control of the market. The price of silver gets below the 200 day EMA and if the next candle is bearish, then silver could go back to its downtrend and it could visit again the 16.80 level or the 16.60 level.