We talked about silver back on September 02, where we mentioned and highlighted an impulsive five-wave recovery into wave 1, followed by a wave 2 pullback before a bullish resumption within wave 3 of a five-wave bullish cycle.
(Click on image to enlarge)
As you can see, after a completed projected wave 2 pullback, silver is now nicely rising in the 4-hour chart and we can now see it even extending higher above base channel resistance line and 2024 highs, ideally for wave 3 of a five-wave bullish impulse. So, bulls may stay here and they can send the price towards 33-35 area, just watch out on short-term pullbacks.
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