We indicated in our previous analysis that if the base of the descending triangle at $26.665 were to be broken prices would fall towards $20. However, at this point we have less conviction in our short view as Silver prices have recovered to $23.85, having dropped below $22. Prices could continue to move higher due to equities showing signs of weakness and the coronavirus situation worsening. Therefore we would change our view to neutral if Silver doesn't resume it's short term downtrend in the coming trading sessions.
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