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SILVER - Weekly Report
Silver continues to consolidate below 24.00 likely resistance level, pushing gradually higher within an ascending triangle pattern, a break above 24.00 would complete the pattern and signal a short term reversal probably towards 25.00 area. Overall, we still need a break above the resistance of the triangle at 24.00 to expect further upside this week.
** Short term ( Less than three months)
** Chart is based on GMT+2 timingNotes:
*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.Based on the charts and explanations above, we prefer to be neutral
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