Silver

The bearish outlook :

After developing a series of the sequential degree first and second waves, { 1 – 2, i – ii (circled), (i) – (ii) }, Silver has poised to fall in impulsive wave (iii) of iii (circled) of 3.

The outlook remains bearish now against the 16.77, towards the new lows.

The immediate target is 13.76, where wave (iii) equals 1.618 times the length of diagonal wave (i). The broader target is through the 12.13, where wave iii (circled) equals 1.618 times the length of diagonal wave i (circled).

Silver - Daily

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