XAGUSD: Silver Elliot wave Analysis further downside expected

Silver witnessed some heavy selling pressure on the last day of the week.

As per wave analysis, The current structure looks like an Triangle forming in wave C of 4

Our projected target towards downside is placed at 23.07 to 21.44 odd levels in up coming months, we recommend to go Short @ 26.7 to 26.5 (spot) odd levels

Silver has formed a complex correction so far.


Trading quote: The market can stay irrational longer than you can stay solvent.

John Maynard Keynes


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Any of our investment or trades we share on our blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.

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