Silver Beginning Minor Wave C

Silver has completed minor wave B, bouncing off the 0.786 Fibonacci level on Monday, August 22. We should now be in minor wave C.

There are a few possible highly clustered targets for wave C.

• 21.560: the minimum target. This is where wave C would equal wave A.
  
• 21.635: the 0.382 Fibonacci level.
  
• 22.565: the minor wave 4 extreme.
  
• 22.755: the 0.5 Fibonacci level.
  

While wave C can go above the 22.755 level without breaking any Elliott rules, it will most likely terminate in the 21.560-22.755 range.