Silver Elliott Wave Count Points to Higher Extension
A short-term Elliott Wave view sees Silver (XAGUSD) advancing impulsively from the July 17 low, with a higher extension still expected.
XAGUSD
Silver's short-term Elliott Wave structure is viewed as impulsive from the July 17 low.
Under this count, wave ((i)) rallied to $60.93 before a corrective pullback in wave ((ii)) developed. The setup still calls for a higher extension to complete the impulse.
The relevant symbol in the update is XAGUSD, with the analysis framing the pullback as part of the broader bullish sequence.
Source: FXStreet Forex News