Silver

As expected under a bearish view on previous intraday chart, the ending diagonal wave (c) as the last portion of the three-waves sequence Y(circled), has been retraced to it’s start point. Hence, would suggest that the overall “Double Zigzag” W-X-Y,  has been completed at terminus point of 18.50 .

For now, Subsequents of the first wave of decline is likely in progress. The ultimate target for the wave i(circled), would be around 16.07 level.

Silver - Intraday

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