FX.co ★ Elliott wave analysis of Silver for January 26, 2022

Silver needs to conquer resistance at 26.04 to get the "GO" for a rally towards 30.40 and ultimately a continuation higher towards the all-time high near 50. As long as resistance at 26.04 is able to cap the upside we could see silver move a bit lower to 23.29, but the downside should be limited and it should just be a matter of time before resistance at 26.04 is broken and silver heads for 30 and likely above.