Silver’s medium-term bear trend in its final stage :

Two straight days selloff, engulfing over 61.8 percent of mount in wave b(circle), would suggest the final decline in wave c(circle) is underway.

Note: With respect to the ending diagonal pattern, the wave structure of the current decline since late November should be traced out in a three-wave entirely.

The extreme point of bullish ending diagonal might be around 13.49, likely in late December.

Silver - Daily


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