Silver

Silver’s current bear market :

After completing an impulsive sequence of the primary degree five waves up in April 2011, Silver has been retracing in intermediate degree five waves down – as a primary degree wave A.

As a bearish alternative, wave (5) of the wave A could be extended through the level of 7.00 where wave (5) equals 0.618 times the length of leading diagonal wave (1).

Silver - Monthly

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