Bias on SILVER is bearish. First, there was a sudden halt, which was interesting that it happened again at the line connecting the series of earlier peaks. And last week the downward wave broke the readable and well-respected level of support, based on a whole series of previous lows. Last Friday there was a pullback, which can be considered as a re-test, and yesterday the price has rebounded from the zone that currently acts as a resistance. Judging by the wider view, even on a weekly chart, one can expect that the rate will continue to move south.

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