Support at 16.80 has been broken today and downward movement is continuing. This movement should lead the price to 16.00 area there is strong support located strengthened by Fibonacci 61.8% level of previous upward movement. If this happens behavior of Silver, will be very imporant for the further price movement.
Rebound will mean that correction is over and new upward wave should occur. Alternatively if Silver breaks this support, the price will return inside previous consolidation. It will show huge weakness of the demand.
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