Silver Analysis – Elliott Wave (4H & Mid-Term)

Silver is currently in a downward wave, potentially forming a five-wave decline. Right now, it is in a Wave 4 correction, with the 31.700 – 32.000 zone acting as key resistance. 🔄

Once the consolidation phase ends, we expect a continuation towards Wave 5, targeting the 30.500 – 30.100 range. 🎯

In the higher time frame, the 32.500 level remains the main resistance. 🔥

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