Silver

The first strong rally day :

Today, the market opened with an upward gap, after a bear-trapped close at the end of Minor wave D, that indicate the start of a strong Minor wave E rally.

The short-term bullish outlook is against the $15.47, through the anticipated target around the $17.00, 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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