FX.co ★ Elliott wave analysis of Silver for January 18, 2022

Silver is testing resistance at 23.40 that needs to be broken to open up for more upside pressure towards important resistance at 25.40, which marks the neckline of the possible double bottom. Only a break above resistance at 25.40 will really open for the next impulsive rally towards 30.10 and ultimately a break above here to for a rally towards 50.00 and likely even closer to 100 longer term, but for now what's needed is a break above minor resistance at 23.40.