Silver bullion by SonerCdem via iStock

Silver Completes A Higher Degree Correction; Now Eyeing 36-37 Target

Gregor Horvat Wavetraders Wed Apr 16, 9:55AM CDT
Silver bullion by SonerCdem via iStock

Silver faced a sharp and fast drop below 29 dollars, where metal is showing some first evidence of a bottom, because the price recovered back to 32.00. In fact, on a daily chart market might complete an A-B-C drop back in wave IV, so current rally can be a new impulse for a higher degree wave V that is eyeing an interesting Fibonacci cluster target at 36-37.

Silver Completes A Higher Degree Correction; Now Eyeing 36-37 Target XAGUSD Daily Chart
XAGUSD Daily Chart
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