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Elliott Wave Analysis: Silver impulsively Increasing In Price

Elliott Wave Financial Service
By Elliott Wave Financial Service

Silver is clearly bullish since start of May and is now trading in red wave 3). Current rally away from wave 2) correction is a sign that bulls are maintaing control and that more gains may follow in days ahead. We see Fibonacci ratio of 261.8 as a projection target for the unfolding wave 3). After wave 3) unfolds a new pullback into wave 4) may follow.

Silver, 4H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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