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FX.co ★ Elliott wave analysis of Silver for January 20, 2022

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Forex Analysis:::2022-01-20T05:51:52

Elliott wave analysis of Silver for January 20, 2022

Elliott wave analysis of Silver for January 20, 2022

Silver is climbing higher. It may test the resistance level near 25.40. A break above here will call for a continuation higher to 30.09 and to the all-time high of 50.

From a classical charting point of view, we are looking at a possible double bottom and the trigger for this formation is also resistance at 25.40. Keep an eye on this level for the next major rise.

Analyst InstaForex
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