Silver Slowed Down Within A Corrective Structure
Updated
Silver is bullish on a daily chart and structure up from 21.90 is not in five waves yet, thus bulls can stay in play for $34/35 targets, where we see some strong resistance levels, so be aware of a limited upside up there.
But because drop is still overlapping on 4h time frame, which we see it as a three-wave A-B-C correction with a potential wedge pattern in wave C, new buyers can still show up, ideally here around 29-28 support area.
But because drop is still overlapping on 4h time frame, which we see it as a three-wave A-B-C correction with a potential wedge pattern in wave C, new buyers can still show up, ideally here around 29-28 support area.
Note
Silver is bouncing from the support! Bulls back in play?
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