Hello Traders,
Silver could be set for another small push higher to finish wave 5 before a large corrective structure lower.
This also falls in line with the DXY index. The DXY could be set for another leg lower before a corrective structure higher.
Metals have continued to dominate across the board including gold and copper. The could face profit taking and selling pressure at the next resistance zone.
Silver is coming into a major resistance at 19.60.
Be careful buying at these peaks! It could be beneficial to wait for the 5th wave to complete and look for shorts.
Any thoughts or comments please let us know
Silver could be set for another small push higher to finish wave 5 before a large corrective structure lower.
This also falls in line with the DXY index. The DXY could be set for another leg lower before a corrective structure higher.
Metals have continued to dominate across the board including gold and copper. The could face profit taking and selling pressure at the next resistance zone.
Silver is coming into a major resistance at 19.60.
Be careful buying at these peaks! It could be beneficial to wait for the 5th wave to complete and look for shorts.
Any thoughts or comments please let us know