Silver
Silver
Silver is in the 9th wave of an advance, which means wave v of an impulse that can end once prices stop running higher and turn down. This will end wave I of 3 inside the new impulse. The DSI, at 91%, supports this idea. I cannot say whether wave II will be immediate and sharp or slow topping process like at the end of wave 1 when DSI was 88%. Usually, in subdivisions of waves, the moves are faster, so a retracement of wave I back to the 20dma is what I would normally expect before wave III unfolds. The 20dma is at 22.56 but rising very fast every day so that the number will come up. Wave iv of the rally at 23.54 is usually the first support that is put to the test.
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