Though silver prices have rallied, the longer-term trend is pointed lower.
Using Elliott Wave Theory as our guide, silver has been declining in impulse waves and rallying in corrective waves.
Silver may be in a small degree wave ii higher. There are wave relationships and the underside of the purple price channel hovering near $27. We'll likely see some type of a reaction lower should silver make it that high.
Near-term targets to the downside appear in the low 20's with much greater potential.
If silver rallies hard above $27, ignoring $27 like a check engine light on your car, then we will need to consider other alternatives that suggest the correction was a multiple zigzag pattern.
Using Elliott Wave Theory as our guide, silver has been declining in impulse waves and rallying in corrective waves.
Silver may be in a small degree wave ii higher. There are wave relationships and the underside of the purple price channel hovering near $27. We'll likely see some type of a reaction lower should silver make it that high.
Near-term targets to the downside appear in the low 20's with much greater potential.
If silver rallies hard above $27, ignoring $27 like a check engine light on your car, then we will need to consider other alternatives that suggest the correction was a multiple zigzag pattern.
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Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.