Silver market catches air

Silver is performing magnificently, exactly in the momentum moves envisioned by the Elliott waves. At the moment, we are in the wave (iv) of the [iii]. The wave (iii) we have completed at the high of $ 21.3 A slope of almost 19% in less than a week. Where else is there something like that?

We reach the end of wave [iii] at least at the 1.618 extension at 22.135$, but also the 200% extension at 23.12$ can be reached easily.

Often the fifth waves reach the 1 extension of the wave, which is approximately at 22.8$. So, an overshooting wave [iii] can be expected according to the current structure. Good for all who are invested in silver.

The (iv) should bottom at the 0.382 retracement at $20.020 and then extend the last impulse wave before we correct again in the [iv].