Silver is testing major resistance at 17.21 (61.8% Fibonacci retracement, horizontal swing high resistance) and a strong reversal could potentially occur at this level to push price all the way down to 16.21 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance below 96% and a recent bearish exit signals that further downside movement could occur on price.

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Losses can exceed the initial investment so please ensure you fully understand the risks.

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