Silver

As shown in the Silver’s daily frame, the five overlapping waves up, that may be counted as a leading diagonal, would confirm a trend reversal and ultimately retracing back to the Fibonacci 0.618 expansion level at 17.02.

Based upon this bullish outlook, expect the countertrend rally in Minor wave C to develop as a three-wave to complete the third wave of a triangle correction that gives way to the development of waves D and E over the next year.

Silver - Daily

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