Strong Headwinds of higher interest rates and the potential China trade deal kept pressure on SLV this week. The correction continues and can continue to drift to the moving average. Still, the longer term outlook remains positive as prices continue to hold the 50% retracement level. The next target remains the 1.23% Fibonacci level close to 20.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.