FX.co ★ Elliott wave analysis of Silver for March 16, 2022

Silver could move a bit lower to support at 24.40 before completing the corrective decline from 26.95. Once this correction is complete renewed strength is expected towards the former high at 30.00 and ultimately a break above here is expected too for a rally towards the all-time high at 50.00 and possibly even a run-away rally towards 100.00, but for now we should look for a final dip closer to 24.40 and then a break above minor resistance at 25.72 as indication that the next rally towards 30.00 is in motion.