As expected under the bearish alternate view, Silver is likely completing the fifth wave of the bearish leading diagonal. And hence, by forming the five-waves sequence from recent high at 18.49, would raise confidence that the trend is turning down.

Leading Expanding Diagonal:

Accordance with the Elliott Wave Principle:

” A leading diagonal can also take an expanding shape. This form appears to occur primarily at the start of declines… ”

Silver - Intraday 240


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