Silver Wave Analysis – 21 April, 2022

• Silver falling minor impulse wave 3
• Likely to reach support level 24.10

Silver continues to fall inside the minor impulse wave 3, which started earlier from the resistance level 25.8 (previous reversal high from March) – strengthened by the upper daily Bollinger Band.

The active impulse wave 3 belongs to the higher-order impulse wave (C) from the start of last month.

Silver can be expected to fall further toward the next support level 24.10 (which stopped the previous waves 1 and (b))

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