Silver is still trading lower and making a five-wave structure within a wave III of a bigger, bearish reversal.
Support for wave III can be seen around the 11.0 region, where a wave IV correction may show up; however, this may occur only once a five-wave cycle within a third wave is seen. At the moment sub-wave 4 of III can be in the making.
Silver, 4h
(Click on image to enlarge)
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