SILVER Near Term Prospects
Looks like we are having a nice rally in SILVER to finish out the c-wave of a multi-month (b)-wave.
Fundamentally, SILVER is in a correction, so expect tops to be spikers and bottoms to form over time. Thus, once this (b)-wave rally completes somewhere over 18.31, expect price to get Monkey Hammered down in the following (c)-wave.
Fundamentally, SILVER is in a correction, so expect tops to be spikers and bottoms to form over time. Thus, once this (b)-wave rally completes somewhere over 18.31, expect price to get Monkey Hammered down in the following (c)-wave.
Trade active
We're in the X-wave part of this advance, which I expect to complete by trading down below 17.73, followed by the y-wave run over 18.311. Most likely going to be a spiker run up on this, followed by a subsequent collapse.
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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.