Silver Remains Bullish Despite A Slow Down
Sep 2, 2024

XAGUSD(Silver)

Silver recovered strongly in the 4-hour chart and in an impulsive minor five-wave fashion that can be first wave 1 of a five-wave bullish cycle. After it touched 30 area, we can see it slowing down, but we believe it’s just a higher degree wave 2 correction before the bullish trend for wave 3 resumes. Ideal support is here around 28 area.

Silver Remains Bullish Despite A Slow Down XAGUSD(Silver) 4H Chart
XAGUSD(Silver) 4H Chart

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