Looks like silver is about to be rejected off a macro resistance.
Macro support is around 18.50 which is around the .786 fib.
NFA.
Do your own DD.
Macro support is around 18.50 which is around the .786 fib.
NFA.
Do your own DD.
Note
This is the first ABC in a series of corrections that seemed inevitable for Silver.This is a close up look of the price breakdown from the 4 hour perspective.
This is a good sign for the longer term weekly breakdown going on in silver.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.