Silver Can Be Back To Bullish Mode
Dec 22, 2022


Silver can be back to bullish mode, as we see it in sharp recovery after a completed complex correction by Elliott wave theory.

Silver was trading south in 2022, but clearly within slow and complex W-X-Y corrective structure from the highs, which looks to be now finished after recent strong bounce away from golden 61,8% Fibonacci retracement and channel support line.

If silver manages to break even back above channel resistance line and 27 region, then we can easily expect bulls to stay here and further rally in 2023, just watch out for short-term pullbacks.

Silver Can Be Back To Bullish Mode Daily chart
SILVER Daily Chart

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