High level structural patterns indicate a sharp decline in silver is expected during December, 2020. On November 21, 2020, it was noted that silver would reach a low of 16.50 (+/-3%) by December 23, 2020. A sharp decline below the Descending Triangle lower horizontal line (as shown below) is consistent with this 16.50 projection. Based on a 16.50 silver price in December, as well as global demand, $50 is expected in 2021. Additional research will be needed to project a specific timeline.
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