SILVER
Added 2024-08-28 10:46:46 +0000 UTCI simply love how Silver moves, as it strictly follows EWT and Fib levels.
Wave 4 held exactly on the 0.38 Fib and bounced for Wave 5, price hit the resistance level at $30 and pulled back for Subwave 2 of Wave 5, and where did it find support?....exactly on the 0.618 Fib at $29.35, which was also the 200 MA on the 1hr chart.
wave 2's aim for the 0.618 fib, as seen on the illustration I shared in the chat room today.
What we need now is for Silver to continue holding this support, any breakdown here and this is telling me that the $30 resistance level is strong.
