As an update to our previous analyses (https://www.tradingview.com/chart/XAGUSD/R72257tO-SILVER-Daily-timeframe/), we are monitoring the commodity for new entry opportunities.
Several 60min flags have happened on this first majestic swing to the upside, which gave us new buy opportunities. At the moment, the expected movement is half way through and in a consolidation. Said consolidation might be short lived, however, so this expanding flat that we are seeing on the 4hr timeframe, all considered, could in fact be all the consolidation that there is.
Hence, this flat might be a good new entry level, with an expected target in the $ 18.5 area (completion of the bigger structure expanding flat).
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