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FX.co ★ Elliott wave analysis for Silver for October 14, 2021

Elliott wave analysis for Silver for October 14, 2021

Elliott wave analysis for Silver for October 14, 2021

Silver is testing minor resistance of 23.19. A break above here will confirm that sub-wave 4/ has completed the test of 21.43 just one day before the cycle bottom. A break above minor resistance at 23.19 will call for more upside pressure towards the resistance line near 26.50. It may reach 30.09 and a strong push higher towards the all-time high near 50.00 may occur.

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Support is currently seen at 22.35.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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