July 20, 2022: SILVER Elliott Wave and Technical Analysis – Video and Charts

A bearish Elliott wave count is preferred.

Summary: Silver could have found a sustainable low, but the channel on the main daily Elliott wave chart needs to be breached by upwards movement for confidence.

BEARISH ELLIOTT WAVE COUNT

MONTHLY CHART

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WEEKLY CHART

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DAILY CHART

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BULLISH ELLIOTT WAVE COUNT

MONTHLY CHART

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TECHNICAL ANALYSIS

WEEKLY CHART

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DAILY CHART

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Published @ 12:46 a.m. ET.

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Careful risk management protects your trading account(s).

Follow my two Golden Rules:

1. Invest only funds you can afford to lose.

2. Have an exit strategy for both directions; when to take profit and when to exit a losing investment.

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New updates to this analysis are in bold.

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