Silver’s Medium-term Developing In Sideways :

In accordance with “Intermediate fourth wave underway” view, it is expected that Silver will develop the overlapping Minor waves likely in sideways, in the coming months.

Currently, an ending diagonal which is likely occurring in Minute wave c(circle), would terminate the rally at a larger degree as Minor wave C, and subsequently, a reversal tends to be swift and sharp, retracing back to the origin of the pattern, likely in Minor wave D.

Based upon this concept, the short-term outlook remains bullish through the 17.99, where wave C equals 0.618 times the length of wave A.

Silver - Daily

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