E Strong Bulls Taking Charge On Silver

Silver is unfolding a strong and impulsive move to the upside, which is a clear bullish sign for more gains to follow.

If we look closely, we see silver trading at the end of a blue wave three, which can see limited upside near the upper channel line and from there make a new three-wave push lower into a temporary wave four.

The later wave four can search for support at previous swing lows near the 16.84/16.93 region and reverse higher.

Silver, 1H

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.