SILVER:BUY From Resistance FIBO Levels For a LONG Pullback

SILVER reaches the Fibonacci levels of 50% and 61.8% in confluence with the dynamic trendline to have a new pullback in the direction of the main trend long. Yesterday had a solid reaction to the FOMC release news with a Bearish impulse. Today's price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Our forecast is about a pullback in this area with a recovery of value by the Silver.

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