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

Silver is showing increasing stronger signs of bottoming for the next impulsive rally towards resistance at 30.00 and ultimately higher towards the all-time high level at 50.00. A clear break above minor resistance at 21.96 will confirm that the corrective decline in wave 2/ has completed and the next impulsive rally towards 30.00 is in motion.