Perak / Dollar A.S.
Pembelian

SILVER - Bullish Wave 3 soon

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According to Elliott Wave Theory, Silver (XAG/USD) might have completed its Wave 2 retracement.

Here we can break down its recent descent since the beginning of February 2021 into visible Leading & Ending Diagonals.

One concern is that thus far, it has only retraced to 0.382 Fibonacci Retracement.

It could definitely go down further for corrective combinations (W-X-Y / X-Z) - however that is still entirely a speculation.

What is visible now is that - we have likely completed an A-B-C (Wave 2) and if no corrective combination is in play, we could potentially go up very impulsively as Wave 3.

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