FX.co ★ Elliott wave analysis of Silver for July 7, 2022

Silver is now testing the support area between 18.50 - 19.27 and waves C/ and 2 could find their low anytime now for the next impulsive rally towards the former high at 30.00 and ultimate break-through here too for a continuation higher towards 50.00.

All requirements for the decline from 30.09 has already been fulfilled. So, now it's just a question of time if silver needs to test the lower boundary at 18.50 before completing waves C/ and 2 and set the stage for the next impulsive rally in wave 3.