Silver: Down, Boy!

Silver is being a bit stubborn these days. After finishing wave (x) in blue at the lower edge of the orange zone between $27.39 and $28.66, it has generally been moving downwards. However, this movement has time and again been interspersed with upwards twitches, which have lately returned it to the mark at $25.49. Nevertheless, we still expect silver to continue its descent and to head for the support at $21.41 in the long run.