Currently, a descending channel structure has formed in silver prices from the 34.79 level. While the price may experience some retracement within this structure, potentially declining to the 33 level, if it recovers and breaks the 34 level, targets at 34.98 and 36 could come back into play. Additionally, on the daily and 4-hour charts, we can observe an ascending channel structure continuing since August 20. Breaking the descending channel could lead to movement up to the upper band.
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