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FX.co ★ Elliott wave analysis of Silver for September 13, 2022

Elliott wave analysis of Silver for September 13, 2022

Elliott wave analysis of Silver for September 13, 2022

Silver accelerated higher from the 17.56 corrective low. All we need is a break above minor resistance at 20.87 to confirm that silver finally has seen its corrective low and a new impulsive rally is building towards the strong resistance near 30.00. Ultimately, we expect this resistance to be broken too for a continuation higher towards the all-time high at 50.00.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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