(Click on image to enlarge)
It is assumed that silver is moving inside the global corrective trend consisting of cycle waves w-x-y-x-z.
The current chart H1 shows the structure of the cycle intervening wave x. This could end as a triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.
At the moment, the price could be in the primary wave Ⓩ. Perhaps this wave will be a standard zigzag, where the impulse and correction have ended. Wave (B) is a double zigzag.
In the near future, growth is expected in (C) approximately to 27.928, where the primary waves Ⓩ and Ⓨ will be equal.
(Click on image to enlarge)
In the second scenario, the market focuses on the development of an intermediate wave (B). As in the main version, it can be a double zigzag. However, only the minor wave W is completed.
In the near future, a slight rise is possible in the second part, namely in wave X, after which a decrease is expected in the final actionary wave Y.
It is assumed that the intermediate correction (B) will be at 61.8% of impulse (A), and will end near 22.270.
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