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Silver is Setting Up to Drop Down to as Low as 21 Cents.

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Perak / Dollar A.S. (OANDA:XAGUSD)  
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OANDA:XAGUSD   Perak / Dollar A.S.
Harmonic Patterns Chart Patterns Technical Indicators Silver Metals dollars inflation deflation yields DXY
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harmonicpatterns chartpattern indicator silver metals dollars inflation deflation yields dxy
Silver, after confirming Partial-Rise, has also formed 3 Falling Peaks and looks to be preparing to drop back below the bottom end of the range at 18 dollars. When it does this, it will enter a Butterfly BAMM Wave Structure that ends at the 1.272-1.618 Fibonacci Extensions. As a result of this new price action, I am lowering my price target to $6.61-$0.21 from my original $13 target.

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