SLV - More Downside Expected
Silver is in the midst of an apparent A-B-C corrective wave that could fall as low as 22 while still maintaining a long term up channel. Most likely bottom would be around 25 with a C = A relationship. Good time to pick up some physicals as many expect that China demand and a general silver shortage can boost prices to new all time highs. Some are even predicting triple-digit prices ahead.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.