The bearish outlook :

Silver has retraced up through near the Fibonacci 0.618 level, in an expanded flat as the corrective wave (ii). The following fall in impulsive wave (iii) to new lows is probably ahead…

The broad outlook remains bearish against the 17.40 where is start point of the bearish leading diagonal wave (i).

Note : Leading diagonals as a directional concept could raise confidence that the current trend in direction of the leading diagonal is persistent.

Silver - Intraday 360Silver - Intraday 600

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