As the waves develop in the Silver market some other possibilities present themselves. Seeing the possibility of a flat developing in the middle of this sell-off with price likely to rise up to around the 15.2 area. Then followed by a sell off into the seasonal low in December. Although the sell off looks like it is a little steep. A more gradual, time consuming, decline would make more sense...
Trade closed: target reached
This count is complete, though Silver never did reach 15.2, getting as high as 14.912 was enough to complete the green c wave in parenthesis and thus the green b wave in brackets because we have traded at new lows below green a in brackets.Expect lower Silver prices
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.