Similar to gold, silver witnessed a robust surge last week. On the 1-hour chart since early October 2023, a strong uptrend is evident. With completed Wave 1 and Wave 2, we're currently shaping Wave 3. Before concluding, sub-waves 3, 4, and 5 need completion.
Anticipating a short correction next week, I estimate silver might dip to the 23.6% or at most 38.2% level, avoiding an excessive retracement. A price range between $24.67 and $24.14 is plausible before another upward move to the $26.12 level. Subsequently, we may undergo further correction, building Wave 4. 🌟🔥
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