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Silver Beginning Minor Wave C

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Futuros de Prata (COMEX:SI1!)  
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COMEX:SI1!   Futuros de Prata
Elliott Wave Trend Analysis Chart Patterns
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Silver has completed minor wave B, bouncing off the 0.786 Fibonacci level on Monday, August 22. We should now be in minor wave C.

There are a few possible highly clustered targets for wave C.
  • 21.560: the minimum target. This is where wave C would equal wave A.
  • 21.635: the 0.382 Fibonacci level.
  • 22.565: the minor wave 4 extreme.
  • 22.755: the 0.5 Fibonacci level.

While wave C can go above the 22.755 level without breaking any Elliott rules, it will most likely terminate in the 21.560-22.755 range.
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