The latest news from Russia-Ukraine negotiations has some positive impact on stocks that are still climbing and searching for resistance. It was the Russian Defense Ministry that announced that they will scale down military activity around Kyiv and Chernihiv.
Silver is coming down as expected, away from 25.80 where we highlighted important resistance for wave B). Well, the market already came down into C), close to 23.80, where prices stabilized. As such, we should be aware of more upside, especially if the upper trendline is going to broken.
Silver Elliott Wave Analysis
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