I'm basing that opinion based on trading activity and the overall pattern that I see in silver. A short-term correction to the low 16s is logical for next week. $16.00 support is crucial to see if this this upswing was just a brief correction in a larger downturn, or if it's an actual reversal. My bet is that this upswing was just consolidation for another leg down. We'll see by Wednesday, I'm sure.
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