XAGUSD_3H

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Analysis of silver in the medium term time frame
Elliott wave analysis style
The market is in 5 downward waves, which is currently in a descending channel and in the 5th downward wave.
For the next week, the important resistance is the number 31.700, and by maintaining this number, it will continue to fall towards the number and range of 3.000 and 30.400, which is the end of the fall, and it can enter a new upward trend towards the number 33.000.