FX.co ★ Elliott wave analysis of Silver for March 17, 2022

Silver bottomed in wave iv/ 24.48 or just above our expected target at 24.40 and we should now see a strong rally higher towards 30.00 and ultimately above here too for a run-away rally towards the all-time target at 50.00.

The low at 24.48 should now act as the floor for the next strong rally higher towards 26.95 and 30.00 as the next upside targets.