DeftFX
Long

XAGUSD: Bearish Wolfe Wave pattern - Daily silver

FX:XAGUSD   Silver/U.S. Dollar
282 0 3
A bearish Wolfe Wave has formed inside the channel for the Daily Silver             chart.

Price should reach around 18.1 in a couple of weeks

There is regular time between all waves, and if we continue this time to match the trend line created by waves 1 and 4 we get point (6). This i where price should head to after completion of wave 5.

At point 6 I believe silver             will start to come back up as it can't go much lower due to the cost of producing silver            
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