Silver Is Eyeing 34-35 Area; Intraday Elliott Wave Analysis

Silver made a three-wave abc correction in wave 4 which can now extend the rally for wave 5 within a new five-wave bullish cycle towards 34-35 area. After recent five-wave impulse into wave "i", followed by an abc corrective setback in wave "ii", it formed a nice intraday bullish setup. Seems like it's now ready for a bullish resumption within wave "iii", so more upside is expected, especially if breaks above trendline and 32.66 level, just watch out on short-term pullbacks.

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#Gold is now close to 3K, while #silver 34 area, but we can see an unfinished five-wave bullish impulse on , so after a subwave (iv) pullback be aware of more upside for wave (v) towards 34.50 – 35.0 target area.

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