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Target one is found within a symmetrical , where price action could begin to consolidate. Look for a breakout for target two. However, if key resistance is upheld again, silver could trend to support $16.37 and, potentially, $16.21, which the 50 can be found.
Silver has some headline risk this week, as the second reading for US Q3 GDP figure will be out today and consumer sentiment out tomorrow. The results of the Swiss gold referendum could increase , too.