Silver

Today, Silver registered an expected new low above $15.30, likely as extreme point of Minor wave D. It is expected, the price will close around the $15.74, where the wave D equals 0.618 times the length of the wave B.

The Silver’s trend will likely reverse from down to up over the coming weeks, in anticipated rally in Minor wave E, while the price holds above the Minor wave D’s low at $15.45.

The determinate target is around the $16.97, where the wave E equals 0.618 times the length of the wave C (a common relationship between the same direction waves in a triangle formation).

Silver - Daily

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