After yesterday’s very strong gains seen on daily SILVER chart, a bullish market formation was formed. This formation in the current year occurred seven times and usually led to a few or more dozen bullish sessions. Currently a wider technical lookout also indicates bullish scenario. Price broke the downward trend line and local resistance. After a slight correction, there is a reaction of demand which draw mentioned formation. It seems that breaking last highs 17.23, should lead to growth in the region of the earlier high, that is vicinity of 17.70.
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