Silver with ticker XAGUSD is recovering in an impulsive fashion in March, which from Elliott wave perspective indicates for a five-wave bullish cycle, while it’s nicely trading within channel range. Now that silver is close to February highs, we may not see any bigger corrections before a breakout higher to clear the stops. We might just see a pullback in wave 4 with support around 23.50 level before the uptrend for wave 5 resumes.
Interested in cryptocurrencies? Fetch.AI Remains Bullish. Check our free chart HERE