Silver is a problematic zone and can slide down

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Silver produces similar dynamics, as Gold (as silver has a proven statistical correlation with gold), but it might contain hidden weakness. The price crossing the static resistance level of $32 puts silver in a problematic zone, where it can either develop a continuation of upswing (white scenario), or fall down from the peak, as displayed in the orange scenario.

Should Gold stop growing, silver might trigger a profit-taking rally (with a sharp decline), breaking its winning streak.

Don't forget to always do your own research and manage your risk!

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