Silver Elliott Wave analysis signals final push higher before reversal
Silver (XAG) has entered its final five-wave advance after a pullback to 60.8514, with a reversal expected once the corrective rally completes.
XAGUSD
Silver continues to follow the outlined Elliott Wave structure after wave ((iv)) found support at 60.8514. Buyers have stepped in, driving the metal higher into the final leg of the sequence – wave ((v)).
The corrective rally is now in its final stages. Once the five-wave advance completes, the analysis points to a potential trend reversal.
Source: FXStreet Forex News