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Silver’s Breakdown… Invalidated?

August 9, 2018, 8:20 AM Przemysław Radomski , CFA

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In yesterday’s analysis, we discussed the breakdown in silver and how the white metal managed to close below the $15.43 level (July 2017 bottom) for two days in a row for the first time since early 2016. The move was not fully verified by the 3-day rule, though. Silver closed exactly at $15.43 yesterday, so the question is if the breakdown was just invalidated and thus should one be expecting a huge rebound.

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