FX.co ★ Elliott wave analysis of Silver for April 13, 2023

Silver continues to push higher, but should soon be forced into a temporary setback closer to support in the 22.79 - 23.46 area from where the next impulsive rally towards the strong resistance at 30.00 should follow. Ultimately, we see solid resistance at 30.00 being broken too for a higher move to the all-time high at 50.00.

However, for the short term, we wouldn't be surprised to see a temporary corrective setback closer to 22.79 and then renewed upside strength to 30.00 and ultimately beyond.