Silver has seen a small three wave correction from 25.54 to 24.81 and is now ready for the next impulsive rally through minor resistance at 25.54 for a continuation higher to 26.95 on the way towards the former high near 30.00 and ultimately higher to the all-time high at 50.00.
As the final fifth wave in the commodity complex often are run-away moves we could see silver blow right through the all-time high resistance at 50 and if that is the case then 100 will be the long-term target.
