On 4h chart, Silver is coming slightly down, but not with five waves so we see this as a potential contra-trend movement which can be wave 4 if supports around $23.40 will hold, or it can be even higher degree correction. But in both cases, we think that is worth being aware of recovery, especially if $24.00 is broken.
Silver 4h Elliott Wave Analysis
I figured out, that the Stable Melt Value for Silver will be $700 per ounce, if Measured in Fiat USD's... $7 per ounce if measured in our Corrected Silver Coinage...
November 5, 2021... 3.3 Hollywood Time...
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