Silver Correction Suggests More Upside: Elliott Wave Analysis

 | Jan 10, 2019 10:49AM ET

Hi traders,

Silver is trading sideways and definitely looks corrective, so either it's a projected bullish triangle that can send price straight to the upside towards 16 area or it's a flat correction, where we could see a deeper correction back to 38,2% Fibo. retracement and 15.30 support level. However, in any case we remain bullish while it's above 15 invalidation area.