Silver is currently in a downward wave, potentially forming a five-wave decline. Right now, it is in a Wave 4 correction, with the 31.700 – 32.000 zone acting as key resistance. 🔄
Once the consolidation phase ends, we expect a continuation towards Wave 5, targeting the 30.500 – 30.100 range. 🎯
In the higher time frame, the 32.500 level remains the main resistance. 🔥
#Silver #ElliottWave #Trading #TechnicalAnalysis
Once the consolidation phase ends, we expect a continuation towards Wave 5, targeting the 30.500 – 30.100 range. 🎯
In the higher time frame, the 32.500 level remains the main resistance. 🔥
#Silver #ElliottWave #Trading #TechnicalAnalysis
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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.