Since Silver has been in strong uptrend, and we have managed to stay on track since the uptrend began in 2024! Today we offer you recent flashback on Silver since just a few days ago, when we sent out an update to members, warning about potential topping wedge pattern forming just before news came out that Trump nominated Kevin Warsh as the next Federal Reserve Chair.
Let’s take a look at what we said 29th of January:
“Silver is coming straight higher after the recent corrective pullback in wave “iv”, so it’s ideally now already in wave “v”, but there can be still space up to 121- 124 area to complete subwave (v) of the wedge pattern before a new, higher degree correction shows up”.
Since that update, Silver touched our resistance area at 121-124 – what we saw in Metals market spooked the entire world! Silver dropped ~40% percent and is still in heavy sell off. Our update was spot on even on the day!
Now if you know the Elliott waves and power of ending diagonals then this type of a reversal should not surprise you. For more updates make sure to visit us at our members area.
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