ew-forecast

SILVER Impulsively Declining; Probable Support Around 16/17 Zone

Short
FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver broke beneath 18.30 level but higher degree charts still show a three wave decline from above 21.00 area. It's a correction within ongoing uptrend that will be expected to resume later this year. We see room for current wave C to 16-17 area where market may look for a support.

Elliott Wave Service
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