Silver could rebound from current levels

19 January 2021

Silver has risen sharply from $21.89 (30th November 2020) to $27.92 (6th January 2021) and has corrected to find support at the 61.80% Fibonacci support from where it is rebounding. It would be prudent to say that silver could rise towards $25.90 and $26.25 if it sustains above $23.85.

Prepared by
Technical Analysis Team

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