Looking back to the July 2022 wave 2 bottom, I have noticed that silver has a tendency to retrace back to the boxes depicted by the 0.618 (top of box) and 0.786 (bottom of box) fib retracement levels ever since. In the current retracement we have not hit those levels. The current retracement has retraced into the pink box where A=C is the top and A=1.618% is the bottom of the box. The current retracement is more or less in the middle 1/3rd of the box. Most analyst have called the silver bottom during the prior two lower lows. Will silver be drawn down to the $24/$25 area for one more lower low?
Charting, page-57
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