Is the downward trend in SILVER over? The recent sideways movement in Silver is more probable to be corrective than a start of a new upward move.
Silver is most probably going to start soon another leg downwards towards 27. Our members received last Friday the following sample from our newsletter:
If support shown in the above chart, is broken downwards then prices will make new lows towards 27$. This is our most probable scenario as there is no clear upward move. Nevertheless, the longer term Elliott wave count makes us expect a wave E bottom soon. We will not go long based just on that. We would first want to see resistance levels broken and upward moves. Until then we are downward biased in Silver trades.More details and technical analysis on Silver for our subscribers.
If you need help trading SILVER don’t hesitate to contact us. You can even try us for one week free.
As always, thank you for taking the time to catch up on my thinking.