Silver has been under strong bearish pressure recently – with each upward correction being met with sharp selling which eventually brought the price to the major support level 19.00 (which has been steadily reversing the Silver up from the start of December, as you can see on the daily Silver chart below).
The latest upward correction from 19.00 stopped at the combined resistance zone lying between the resistance level 20.00 and 38.2% Fibonacci Correction of the preceding downward impulse from March.Silver is expected to fall to 19.00 in the nearest time.
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