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Silver: Ascending Channel

XAG/USD, 1 day    SHORT May 11
We can see that an ascending channel has been identified and XAG/USD demands a more strong move as a signal of a breakdown. An ascending channel identifies a bearish price action signal that results in a further move down when price breaks below support. XAG/USD to maintain its negative tone to 25 on impulse below 25.6 as the commodity keeps the bid tone.
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