Silver has completed a clear 5-wave upward move, ending near the 51.23 zone, which likely marks the completion of Wave C of the corrective structure. Price action shows rejection from the upper trendline, signaling that buying momentum is fading. This suggests the start of a new A–B–C corrective decline, where Silver could first drop toward 48–47 levels before any temporary bounce. The overall structure remains bearish in the short term unless the price breaks above the 52.76 invalidation zone. In simple terms: rally looks complete → downside correction likely ahead.
Stay tuned!
@Money_Dictators
Thank you :)
Stay tuned!
@Money_Dictators
Thank you :)
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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.