FX.co ★ lstanton | XAG/USD, SILVER

Hello traders, SILVER On the H4 chart for silver, it can be noted that the decline in its quotes has stopped. There are already two lower fractals at levels 66.69 and 67.48. Currently, the previous wave scenario of the metal, associated with the development of the second ascending zigzag "y" as part of the second connecting wave "x" or the 4th corrective wave (this will be clarified later) of the descending formation, is being executed. It will be finally confirmed when the silver quotes update the local maximum of the first zigzag "w" (level 74.50). In general, the nearest perspective of the metal is associated with a slight local growth, approximately up to a re-test with the MA100 middle line. And then we will have to see. This is under the condition that no major global events occur over the weekend, or if Trump does not make another triumphant statement in his post, which could cause a sharp reaction from the silver quotes.