Silver

On the bearish alternate view, Silver may be completed wave (iv) of a downward five-waves sequence, and now its fifth wave is probably ahead. Hence, forming a five-waves sequence from recent high at 18.49, would raise confidence that the trend is turning down.

The fibo-expansion targets for the wave (v), could be considered on the levels: 16.67 and 16.25 .

Silver - Intraday

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