Silver recently reversed up from the support zone lying between the support level 17.50 (former pivotal resistance from August), the support trendline from July and the 38.2% Fibonacci correction of the previous upward impulse from May.
The upward reversal from this support zone stopped the earlier short-term impulse wave (c) of the ABC correction 4 from the start of September.
Silver is likely to extend the gains and retest the next resistance level 18.40 (top of the previous corrective wave (b)).
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