Silver has a choice to make

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Silver is currently trying to figure out which path it wants to take. It's currently trending higher within a bull flag, but not convincingly. Ultimately it breaks out to the upside but I wouldnt rule out any temporary drops towards the $22 -$24.5 range. Notorious for its headfakes and choppiness, it can be a difficult market to trade. I do however see constructive behaviors as of lately considering the negative backdrop of rising yields. Keep in mind that bonds are extremely oversold, I do expect a temporary drop in yields, which may give silver the nudge it needs to breakout. My favored scenario is to slowly trend towards the breakout of the flag. Option 2 would be a drop lower and then slingshot higher.

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