- Silver one hour chart shows a bearish rising wedge pattern. Price is also near 200 Hour SMA. If a breakout above 200 Hour SMA happens this up move will extend. Breakdown below the support line of the rising wedge will favor a bearish trade in silver to test the recent lows.
- Targets for the up move is shown in fibonacci levels of four hour time frame.
- The four hour cloud too may act as resistance for silver.
- GOLD BOUNCE FROM WEEKLY SUPPORT LEVEL
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