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FX.co ★ Elliott wave analysis of Silver for August 24, 2023

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Forex Analysis:::2023-08-24T05:33:36

Elliott wave analysis of Silver for August 24, 2023

Elliott wave analysis of Silver for August 24, 2023

Silver has rallied strongly from support near 22.11. We should soon see a firm test of resistance at 24.88. A break above here will call for a continuation towards strong resistance at 30.00. This resistance should ultimately be broken too. Once it gives away, we should see silver continue higher towards the all-time high at 50.00.

Support is seen near 23.40, which should act as a floor for a continuation higher.

Analyst InstaForex
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