Clear impulsive bullish move in 2024, followed by 18 or so long months of a triangle correction. The bullish move happened so quickly that this makes sense. The markets needed time to sort out what was going on here.
The breakout from that triangle is a big deal and coincided with silver breaking above major resistance.
AG is one of the best leveraged silver plays and I am very bullish silver above $35. Momentum and structure have both broken to the upside. We are just getting started.
Based on the wayAG acts as a leveraged play on silver prices, this count is conservative. It is entirely possible that the next wave 3 we are entering subdivides and we go even higher, but we won't know until we get more structure.
The breakout from that triangle is a big deal and coincided with silver breaking above major resistance.
AG is one of the best leveraged silver plays and I am very bullish silver above $35. Momentum and structure have both broken to the upside. We are just getting started.Based on the way
AG acts as a leveraged play on silver prices, this count is conservative. It is entirely possible that the next wave 3 we are entering subdivides and we go even higher, but we won't know until we get more structure.
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