Silver is forming a falling wedge
It is testing now a downside resistance of the latest swing higher rising wedge 23.80. For a downside extension continuation and a higher probability of short trade entries, we need to see a confirmed break below 23.80. A break below this level would lead to an extension lower to 21. The overall medium-term is an uptrend but we need to see a confirmed break above 26.40 for a complete upside continuation extension and a test of 28.40.
Note – We are inclined more to short trade entries with the stop loss above 25
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