Silver came down from 27.00 after the completion of five waves up. Metal also broke the trendline support which suggests that prices are in a higher degree corrective retracement. We are tracking an A)-B)-C) drop that may resume to 23.80 or maybe even lower after recent B) wave correction. The broken neckline of a H&S pattern would be also another bearish signal.
Silver Elliott Wave Analysis
GOLD Elliott Wave Analysis [Video]
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