Silver Analysis: Which Direction Is Next?

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Before anything else, it’s important to note that silver, unlike gold, tends to have sharp and aggressive corrective moves. This makes it a bit more challenging to trade, so proper risk management and caution are essential when dealing with it.

From the point where we placed the red arrow on the chart, the corrective phase in silver appears to have started.

This correction currently looks like either a flat structure or possibly a more complex corrective pattern, such as a diametric formation.

At the moment, price action seems to be within wave C, which is typically a bearish wave.

The best support zone and potential rebuy area for short-term trading is the green zone highlighted on the chart.

From this green zone, a move is expected, with a potential target of at least $69.

If you have a symbole or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.

What do you think?

[nihalsari]

silver is volatile, therefore this analysis will also be… flexible

[JanEmil]

I sold my physical silver at 100$. Got paid little below 85$ ounce in the shop. If we go very low I will buy again.