FX.co ★ Elliott wave analysis of Silver for July 18, 2022

Silver was nicely rejected near the 61.8% corrective target. We are now looking for a break above minor resistance at 19.48 to confirm that the corrective decline in wave 2 has completed and a new impulsive rally is in motion towards 30.00 and ultimately above here too for a continuation towards the all-time high at 50.00.