Silver

The broad bearish outlook :

Silver seems to have completed the five overlapping waves, likely in a leading diagonal as wave (i). The broad outlook is bearish against the 17.40.

Currently, a correction up in wave (ii) and following impulsive third wave down of the same degree are probably ahead. The broad target is through the 12.11.

The immediate bearish alternative :

In accordance with the immediate bearish view on Gold, Silver may have completed a leading diagonal as wave (i) also its correction in wave (ii) and begun to fall in impulsive wave (iii) of iii(circle). The outlook on this alternative is bearish against the 16.49 with potential to 12.69 area.

Silver - DailySilver - Daily-1

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