Silver Elliott Wave Analysis

in elliottwave •  3 years ago 

Silver is is still at the lows and looks like there's room for more weakness within an A)-B)-C) decline as part of a bigger ending diagonal pattern. Current consolidation looks to be a bearish triangle in wave B), so wave C) is still missing which can send the price even lower, ideally towards September lows and 21-20 strong support zone before we will see a bullish reversal.
Silver 4h Elliott Wave Analysis

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