Silver Eyes Higher Towards 26-27 Area
Gregor Horvat | Sep 06, 2021 07:06AM ET
Metals were higher after US jobs data on Friday as speculators assume that tapering will be delayed, which can bring metals even higher. We see silver moving nicely to the upside, acting very impulsive so be aware of more upside, possibly after intraday set-back to 61.40.-61.60 area.
As per Elliott Wave analysis, silver is nicely recovering, now even trying to break above strong trendline, which means that we can expect more gains, ideally as part of an A-B-C rally, where wave C can be unfolding a five-wave cycle up to 26, maybe even 27 area.h2 Silver 4h Elliott Wave Analysis Chart
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