Silver Making A Bullish Impulse-More Gains After Pullback

3 Jan 2023

Silver is coming nicely higher as expected from October low, with a nice impulsive price action which can still be underway to higher levels as we are seeing the current fifth wave moving to a new high of an extended wave three. So despite strong recovery, we have to be aware of a new correction, ideally into a black wave 4. Nice support is 23-22 area. Divergence on the RSI also suggest that bulls may slow down.