Elliott wave analysis of Silver for April 13, 2023
April 13, 2023 6:24 am
Silver continues to push higher, but should soon be forced into a temporary setback closer to support in the 22.79 – 23.46 area from where the next impulsive rally towards the strong resistance at 30.00 should follow. Ultimately, we see solid resistance at 30.00 being broken too for a higher move to the all-time high at 50.00.
However, for the short term, we wouldn’t be surprised to see a temporary corrective setback closer to 22.79 and then renewed upside strength to 30.00 and ultimately beyond.
The material has been provided by InstaForex Company – www.instaforex.com
Silver continues to push higher, but should soon be forced into a temporary setback closer to support in the 22.79 – 23.46 area from where the next impulsive rally towards the strong resistance at 30.00 should follow. Ultimately, we see solid resistance at 30.00 being broken too for a higher move to the all-time high at 50.00.
However, for the short term, we wouldn’t be surprised to see a temporary corrective setback closer to 22.79 and then renewed upside strength to 30.00 and ultimately beyond.
The material has been provided by InstaForex Company – www.instaforex.com
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