In this article I’m forecasting the price movement of Silver using the Elliott Wave Principles.
As of now it seems that Silver is either in Wave C or Wave 3 after completing a double Zig Zag correction.
At this point both the main count as well as the alternate count point in the same direction and that is Silver should give atleast one leg up.
Silver Elliott Wave Analysis and long term forecast
You can see the Main count in Blue and the Alternate count in Grey colour.
The possible upside targets for Silver are :
T1 : 20.300
T2 : 23.000
T3 : 27.650
I will further update if any change is required.
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