Silver - Weekly
Bottom Line: Silver may continue to a new correction high before a top forms.
Silver may continue rising to new highs to complete a double zigzag correction up as wave X (circled). The pattern is visible on the daily chart, but not the 1-week chart.
Bottom Line: Silver may continue to a new correction high before a top forms.
Silver may continue rising to new highs to complete a double zigzag correction up as wave X (circled). The pattern is visible on the daily chart, but not the 1-week chart.
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Silver - Daily
Bottom Line: Silver may continue to new highs in a zigzag,
Silver may have completed a double zigzag down as Minor wave B. Wave iii (circled) of Minor wave C may be in progress to new highs now.
Bottom Line: Silver may continue to new highs in a zigzag,
Silver may have completed a double zigzag down as Minor wave B. Wave iii (circled) of Minor wave C may be in progress to new highs now.
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but note the bearish alt: count.
A more bearish possibility is that wave B is developing as a triple zigzag and will make a new low under 22.679 before the rally in wave C begins.
A more bearish possibility is that wave B is developing as a triple zigzag and will make a new low under 22.679 before the rally in wave C begins.
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