To many China visits by US Bankers and YELLEN over the past 2...

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Silvgolcoholic

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02/05/24

18:16

Post #: 73636843
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Originally posted by dfl: ↑

Silver for you, though it might be a 7 wave correction.
[Silver] declined below $26.65 as the retracement continues of the rally from February 14 to April 12. The declinefrom $29.83 sports five overlapping waves down so far. A correction consists of three or seven waves. In order to7 / 8 e434968turn the five wave pattern into seven waves, silver will need an up-down sequence to further new lows. This wouldmake the decline a double zigzag (see text, p.42). The next downside target surrounds the $25.87 level, theFibonacci .50 retracement of the prior advance. Based on the wave development so far, silver could decline stilllower before the selloff is complete. Another target area is $24.84-$25.08, which is the Fibonacci .60-.63retracement of the advance from February 14. The prior wave (iv) low is $24.30, another possibility as a target assilver’s decline progresses. Whatever level the selloff terminates at, the key short term point is that silver’s declinedoes not appear complete. While not expected, a rally above $29.12 would force us to reassess the near-termforecast.

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To many China visits by US Bankers and YELLEN over the past 2 weeks .

IVR Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.3¢		Change -0.003(8.33%)		Mkt cap ! $52.44M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.2¢	$33.37K	989.9K

Buyers (Bids)

No.	Vol.	Price($)
6	966266	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	516464	2

View Market Depth

No.	Vol.	Price($)
6	966266	0.032
15	1277259	0.031
15	2123383	0.030
8	954782	0.029
4	383321	0.028

Price($)	Vol.	No.
0.033	516464	2
0.034	1065000	2
0.035	475299	3
0.036	433700	4
0.037	396054	6

Last trade - 10.36am 19/06/2025 (20 minute delay)

IVR (ASX) Chart

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