FX.co ★ Wave Wisdom: Mastering the Art of Wave Marking in Forex!

SILVER *XAGUSD: Full forecast. Bearish direction* Silver completed wave (i) of the bearish impulse at the end of May with a low around 27.50. This was followed by wave (ii) of upward correction, which reached a scenario cancellation level at 32.874. It was a correct A-B-C correction. The price reversed from this level right where sellers were needed. *What is happening now?* Silver is inside wave (iii) downwards. Wave (iii) is usually the strongest in a bearish impulse. Sellers should be aggressive here, especially because silver often moves in line with gold, but with greater amplitude. *Target sequence:* 1. Wave (iii) downwards: target zone 24.789 (1.618 extension from wave (i)) 2. Wave (iv) upward bounce: expected recovery to 26.285 3. Wave (v) final drop: zone 23.142 (2.000 extension) Behind this sequence is a drop below 22.00 by the end of June. *Scenario cancellation:* 32.874. Closing above this level completely destroys the wave count. This is a harsh cancellation, clearly visible on the chart. *Multi-timeframe agreement: Ideal* All timeframes are bearish. - Weekly (W1): bearish

- Daily (D1): bearish

- Four-hour (H4): bearish

Full agreement means that bears control the situation on all scales simultaneously. *Correlation with gold:* Silver moves in tandem with gold, but volatility is higher by about 30-40%. If gold breaks the target level of 4,065, silver usually breaks its target level of 24.789 almost simultaneously or even earlier. The wave structure is clean, the correction is perfectly completed at the scenario cancellation level, all timeframes are aligned. The only obstacle is closing above 32.874. *Important point: Volatility in wave (iii)* Wave (iii) in silver can be sharp and unexpected. Levels can be broken without warning. This means that the target zone 24.789 can be passed quickly, but upward retracements can be deep and sharp. Do not panic if the price retraces by 10-15% upwards in the middle of wave (iii) - this is normal for this phase of the impulse. *Trading recommendation:* Shorts make sense at current levels or on bounces above 31.00. Stop above 32.874. First target 24.789 within 1-2 weeks. Movement can be sharp, so stay in position. Wave (iii) in silver is often the longest and most profitable for sellers.