Elliott Wave Forecast: Silver (XAGUSD) Wave 5 Ending Soon
Short term Elliott Wave View in Silver (XAGUSD) suggests the rally from 9.28.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 9.28.2022 low, wave 1 ended at 21.24 and pullback in wave 2 ended at 18.05. The metal then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 18.94 and dips in wave ((ii)) ended at 18.26. The metal resumes higher in wave ((iii)) towards 22.25 and pullback in wave ((iv)) ended at 20.56. Final leg higher wave ((v)) ended at 23.51 which completed wave 3. From there, the metal pullback in wave 4 which ended at 22.00.