Elliott Wave Theory projects this wave to make it up to 75/76.32. Problem is that technicals don't immediately support that idea, and or in fact bearish right now. Will be resolved this week, imo. I'm flat and looking for long signals...
In Elliott Wave Theory speak, this can be a C wave towards the 200% fib. Needs to hold the gray box early this week and start hitting targets, if the bulls continue to be in charge.
Silver still in a clearly defined range since Aug '20. I'm taking silver on a level by level approach right now and those s/d zones in red need to hold as support. As each level breaks the odds shift more towards lower prices to come. However, if price can consolidate here and get an impulsive wave higher then perhaps this correction is done. I'm just watching...