Elliott wave analysis: Silver breaking out of bullish flag
|We can see some US dollar weakness after the CPI report, so despite good numbers, seems like USD may stay down at least for a short period of time as we see metals on the way up after reaching projected support. Looking at the silver, we can see a nice bounce after a three-wave a-b-c corrective setback, which means that wave C/3 up can be now already in play with room for more gains towards 26-27 area.
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