Silver has started to react strongly off a major at 17.21 (61.8% , horizontal swing high resistance) and a strong reaction could possibly occur at this level to drive price down to at least 16.21 support ( horizontal breakout level). Our next major level of resistance is at 17.64 (78.6% , breakout ).
(34,5,3) is seeing major resistance at 96% and a corresponding reaction could occur at this level.
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This analysis is provided as general market commentary and does not constitute investment advice.