Silver in its minor wave correction, the wave lifted silver from its third bottom at 26.12 to 35.38. A rise of $9.26.
This rise is being corrected at present level, as everyone knows that correction takes place in abc pattern, so following analysis can give us probable level for wave c.
a=4.72------------(35.38-30.66)
b=3.74------------(30.66-34.40)
c=?
It could be 3.11/4.72/7.83............as per fibo levels. It could be any of this number and result would be
c=$31.28
c=$29.68
c=$26.52
We have three golden number for silver to finish before it start its journey to next upleg of $15.37 or $24.07
This rise is being corrected at present level, as everyone knows that correction takes place in abc pattern, so following analysis can give us probable level for wave c.
a=4.72------------(35.38-30.66)
b=3.74------------(30.66-34.40)
c=?
It could be 3.11/4.72/7.83............as per fibo levels. It could be any of this number and result would be
c=$31.28
c=$29.68
c=$26.52
We have three golden number for silver to finish before it start its journey to next upleg of $15.37 or $24.07
On closing basis in daily chart, silver closed at 29.87, with intraday low of 29.23, so A = C that 4.72 approximate.
That means, if 29.87 is not taken in than we have successfully completed minor wave i.