Silver has outperformed gold with a huge margin this year
On the 4-hour chart the price perfectly fits into the blue uptrend channel
The 5-wave sequence is almost complete with the following signs of soon trend exhaustion:
1) triangle in the trend usually makes for wave 4 of 5 of (5)
2) price approaches the top of the channel for the third time already
3) RSI "doesn't buy" the current rally showing lower readings at Bearish Divergence
The strong support is located at the bottom of wave 4 at $56.4
On the 4-hour chart the price perfectly fits into the blue uptrend channel
The 5-wave sequence is almost complete with the following signs of soon trend exhaustion:
1) triangle in the trend usually makes for wave 4 of 5 of (5)
2) price approaches the top of the channel for the third time already
3) RSI "doesn't buy" the current rally showing lower readings at Bearish Divergence
The strong support is located at the bottom of wave 4 at $56.4
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