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Silver Futures
Short

Silver Short 12/11/23

By PhiWaveCapital
SI1!
The recent sharp and sizeable decline sheds some light on the developing pattern.
The failure to breach the 26.435 high, coupled with the immediate rejection and 12% decline from said high, indicates the high probability of the completion of a wave X triangle pattern. Upside should remain corrective as prices begin falling through 21.925 and eventually 17.40. A violation of 26.435 voids the pattern.
Trend AnalysisWave Analysis
PhiWaveCapital
Jayce, CEWA
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