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Elliott Wave Analysis: Silver Trading In A Bullish Impulse

On the hourly chart of Silver, we see commodity undergoing a nice impulsive sequence to the upside, with price specifically trading in sub-wave v of three. That said, current sub-wave v may extend its gains towards the 161.8 or even higher to the 261.8 Fibonacci projected ratio, before making a new reversal to the downside. After sub-wave v of three finds a top, a minimum three wave correction may follow into the following wave 4.


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