Elliott Wave Analysis: Silver Intraday View

 | Jan 17, 2017 10:44AM ET

Silver is now much higher following a completion of a triangle, with current price trading towards our 17.20/25 area which is not far away, so be aware of a limited upside. We see pair in wave 5) of 1 of a higher degree, so we suspect that market can form a temporary top in the next few days and that new corrective set-back can be coming based on higher time-frame counts.

SILVER, 1H