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Silver slowed down within a higher degree correction recently and we talked a lot about that in the past weeks. We also shared an article back on June 13th where we mentioned and highlighted a corrective movement within an ongoing five-wave bullish impulse. Link here.

Silver is now bouncing strongly and it’s in sharp and impulsive rally away from projected support, so wave IV correction is completed and wave V underway with space towards 34-35 target area, so more upside is expected, just watch out on short-term pullbacks.

XAGUSD (Silver) Daily Chart

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