Silver Analysis - Elliott Wave

SILVER

Still early so this is speculation but if price turns up at the $17.1 level, look for a short opportunity around $17.5, which would also setup the trend reversal trade with the following setups:

- Head and shoulders pattern
- Low volume node resistance
- Elliott wave corrective ABC pattern


Still a number of factors that need to happen before the short trade including price turning up to $17.5 and a reversal signal (reversal candlestick) in that zone, but with the clean Elliott Wave structure thus far, there could be a strong short setup.