FX.co ★ Elliott wave analysis of Silver for January 20, 2022

Silver is climbing higher. It may test the resistance level near 25.40. A break above here will call for a continuation higher to 30.09 and to the all-time high of 50.

From a classical charting point of view, we are looking at a possible double bottom and the trigger for this formation is also resistance at 25.40. Keep an eye on this level for the next major rise.