Silver continues to trade within a larger-degree corrective structure on the higher timeframe. The advance from the recent bottom has unfolded in a clear five-wave impulsive sequence, which is being labelled as Wave A of the broader corrective framework.
With Wave A likely complete, the market now appears positioned for a retracement phase (Wave B) before the next directional move emerges.
From a structural standpoint, the corrective pullback could extend toward the following support zones:
₹2,55,000
₹2,48,000
These levels align with key Fibonacci retracement areas and prior structural supports.
Upon completion of this corrective phase, the broader setup suggests the potential for a renewed impulsive advance in the form of Wave C, which would complete the higher-degree corrective pattern.
Until the retracement structure confirms maturity, the near-term expectation favours consolidation-to-corrective downside within the broader constructive framework.
With Wave A likely complete, the market now appears positioned for a retracement phase (Wave B) before the next directional move emerges.
From a structural standpoint, the corrective pullback could extend toward the following support zones:
₹2,55,000
₹2,48,000
These levels align with key Fibonacci retracement areas and prior structural supports.
Upon completion of this corrective phase, the broader setup suggests the potential for a renewed impulsive advance in the form of Wave C, which would complete the higher-degree corrective pattern.
Until the retracement structure confirms maturity, the near-term expectation favours consolidation-to-corrective downside within the broader constructive framework.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.