The broad bearish outlook :

After falling in impulsive wave i of (iii) through near the anticipated level of 15.76, Silver is likely retracing in a three-waves as wave ii through its Fibonacci 0.618 level now at 16.37. Subsequently, the decline in impulsive wave iii of (iii) of the minute degree third wave will be resumed…

The broad outlook is persistently bearish against the 16.73 – as the top of wave (ii). The broad target is 13.90, where wave (iii) equals 1.618 times the length of wave (i).

Silver - Intraday 360Silver - Intraday 600Silver - Intraday 600-1

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