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XAGUSD Chart Technical Outlook channel top at the 61.8% Fibonacci Continues to consolidate within a corrective but bullish channel formation. We are moving In Sync with gold. Gold analysis suggests selling into rallies. Silver has a 61.8% pullback level and channel top located at $23.27. I would only look to this upside barrier as a potential level to short up to the FOMC minutes this evening. After that, is just a gamble.