Hello,Traders! . . . . . XAGUSD (Silver) is trading in a downtrend on the daily and sitting right below the 50 MA. After the recent decline and consecutive rejection at 20.73, price has been pushing upward in an impulse, correction phase. It is currently rejecting the 32% fib after the impulse rise from 21.77. All signs are pointing to more upside at the moment with a potential target to resistance 23.50
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