Similar to gold, silver witnessed a robust surge last week. On the 1-hour chart since early October 2023, a strong uptrend is evident. With completed Wave 1 and Wave 2, we're currently shaping Wave 3. Before concluding, sub-waves 3, 4, and 5 need completion.
Anticipating a short correction next week, I estimate silver might dip to the 23.6% or at most 38.2% level, avoiding an excessive retracement. A price range between $24.67 and $24.14 is plausible before another upward move to the $26.12 level. Subsequently, we may undergo further correction, building Wave 4. 🌟🔥
💯 Free
✅ Swing & Intraday Trading
✅ Chart Requests
✅ Everyday more than 4 posts
✅ Total <1100 Members
Also on:
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.