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XAG/USD
1H
The price develops a descending channel, the price expects a strong impulse up for clear breakout confirmation.
A descending channel is said to depict a reliable bullish price action formation that has a downward slope that is used to spot a move up when price breaks out.
Silver to have better chances of advancing to the 59 zone on a breach of 58.6 as the commodity loses bearish momentum.