Silver is trading in a pullback mode, after a strong push up and high around 17.80 levels. For now we count current fall as a three wave story in an ABC pattern with support seen around 16.40 levels where wave C equals to wave A in distance traveled as you can see on the chart market with yellow borders. We will look for signs of a new possible uptrend for the final red wave 5) if the structure does not become a complex one in current ongoing wave 4).
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