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20.05.2022 07:30 AM
Elliott wave analysis of Silver for May 20, 2022

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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.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
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