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Silver Trading In Final Stages Of Correction, More Weakness In View

Published 12/08/2016, 06:18 AM

Silver broke higher yesterday, but out of a triangle so we can assume that current leg up from 16.60 can be wave C, final leg that will complete wave B correction. We see price trading at 17.20/30 resistance from where traders should be aware of a turn; drop back below 16.70 would mean that bears are back.

Silver, 1h
XAG/USD 1 Hour Chart

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Latest comments

Muhammad AliDec 09, 2016, 08:18
how can l recover my loss in silver
Brian ZaneDec 10, 2016, 01:28
Buy physicals when it's down
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