Category Archives: Silver – Daily

Silver

Correcting Down :

Today’s sharp selloff (4.39%) should be a final stage of correcting down in Minor wave 4.

Silver will soon resume the Intermediate trend to the upside. Its Minor-degree fifth wave, when it starts, will be a significant rally to new highs.

Silver - Daily

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Silver

There is no change in the bullish outlook, so far. Silver should have concluded its Medium-term bear trend with an ending diagonal, which started in January 2015 and denoted by its Minor degree subdivisions.

The extreme point of the bullish diagonal at 13.62 (Dec. 14), could be respected as a significant low.

Silver - Daily