Silver

The bearish outlook :

On the primary degree wave A in the late stages, Silver may have started to fall in a minor degree third wave of an extending wave (5).

The outlook remains bearish against the 18.50, towards the 6.41 where wave 3 equals 1.618 times the length of wave 1.

The ultimate target could not exceed the level of 4.35 where wave (5) = wave (3). Because wave (3) < wave (1) and wave (3) could never be the shortest wave.

Silver - Weekly

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