Elliott Wave Analyst: Shane Hua (CEWA - Level II, III in progress),
Bottom line: Silver will drop in price lower.
The general outlook for Silver is bearish with the 5th wave, while prices remain below 23.51, the evidence that convinces me to count this wave is that prices are already significantly below the high of 23.51, showing enough strength in the Bear market to push the market lower.
Bottom line: Silver will drop in price lower.
The general outlook for Silver is bearish with the 5th wave, while prices remain below 23.51, the evidence that convinces me to count this wave is that prices are already significantly below the high of 23.51, showing enough strength in the Bear market to push the market lower.