The last couple of weeks have been relatively tiring as we are desperately waiting for the silver to make a move. This market is developing very slowly. Our expectation is that we will see declining prices for silver, as we expect it to move under $24.04. Somewhere around $22.23, we should see a short correction before the price gradually moves under $20. As long as we stay above $24.04, however, there is a 35% chance that the bulls take over and push for new highs above $30.35.
Patience pays off!
Patience pays off!
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.