FX.co ★ Elliott wave analysis of Silver for March 14, 2022

Silver has activated the double bottom for a rally towards the double bottom target at 29.28 and likely even closer to the extension target at 31.70. Longer-term a break above the former top at 30 should trigger a continuation higher towards the all-time higher near 50.00.

Support remains at 25.40 but even a small break below here, will not change the overall picture of more upside pressure to come towards 29.28 and 31.70