Silver Retest and Climb

16 May 2021

As Silver continues to respect it's Daily uptrend channel, after a bounce off the lower trendline last week may look to climb this coming week if technicals are respected and greenback remains relatively weaker this week. Minor down trendline within the channel saw a breakout on Friday and now awaits a retest before finally climbing back towards Key level resistance 27.500 or even to 27.630 if Fibonacci target levels are put to consideration, before any furhter movement is confirmed. Thank you for tuning in!
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