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Silver Daily Technical Analysis and Outlook:
The initial downside target of 23.63 was reached the day after the update was made. Chances are that we are close to the end of this correction with one more push to the downside. After this final push to the downside we are looking for a reversal. If circumstances change we will update and be ready for any change in market situation.This shows us how important trade management is. Target for the final wave down is around 21.21-20.83. Important resistance is around 22.30-22.52.
Happy Trading..
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