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Silver is exhibiting a sequence of technical patterns including a selling climax, a three-bar balance, an upside impulse, a three-bar triangle formation, and now the potential for a reversal. Linda Raschke, founder of LBR Asset Management, described these developments.
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Raschke has previously discussed the importance of volatility breakout and range expansion models as part of her trading approach. She also highlighted market breadth conditions, noting a reading of -513 while energies, TRV, and NEM were among the leading performers in an earlier update. These observations provide context for her current analysis of technical patterns in silver.