Technical Analysis:
Silver is trading near a crucial juncture, with an extension on the upside. The wave count has changed, and the key level to watch is 29.2. A break above this level could trigger short covering toward 30. Broader levels remain intact, but waiting for a proper setup is advised. Intermarket divergence is visible between gold and silver, suggesting that both metals are nearing a bottom.
Disclaimer: Trading involves inherent risks and may not be suitable for everyone. Past performance is not indicative of future results. It is important to carefully consider your financial situation and risk tolerance before engaging in trading activities.
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