Tickmill

Silver has broken major support, prepare for a possible drop!

Short
FX:XAGUSD   Argento / Dollaro
Silver has broken our long term ascending support-turned-resistance line stretching all the way back to December 2017. This has triggered a potential bearish drop from here below 17.03 (Fibonacci retracement, horizontal pullback resistance, bearish exit) for a push down to 16.21 support (Fibonacci retracement, horizontal pullback support).

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