Silver is extending impulsively higher [Video]
|Silver is on the rise and has been outperforming gold quite a lot over the last week, and it looks like an extended leg up is still in progress; seems like wave three of an extended impulse, therefore more gains are possible after next three leg retracement. Based on the 4-hour chart, there is a chance that price towards 50usd, but there can be some new pullback first. Ideally red wave (4) could stabilize near 45.86.
XAG/USD (Silver) four-hour chart
Only a sharp impulse down closer to 43 level will be an indication that higher degree wave four has started.
XAG/USD (Silver) daily chart
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