XAGUSD has been going through a lot the past 2 years and ever since FED started going back and forth with their ''mumbo jumbo" Rates Outlook, Silver has been vulnerable.
Not anymore, enough is enough. LEWA is awaiting a Bear Market or at least a significant Contraction in US and EU Indices. Furthermore, EURUSD is pointing us towards 1.25 and DXY is very much looking like it's about to continue with a Bear leg so it can finalize what started after Trump's "tweets".
GDX is pretty much ready to pave the way for metals in 2018. Dec 2015 and 2016 was the month of bottoms for XAGUSD and XAUUSD, will Dec 2017 provide the same Pattern? We believe so.
XAGUSD has been trading in Complex Corrections ever since Dec 2015 but we believe that 2018 will reflect as a Bullish Cycle for both XAU & XAG.
FOMC event paved the way for a Bullish bounce for XAGUSD.
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Impulse started.
Wave Count Update:
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Update:
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Minute V starting
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Very delicate moments for XAG as USD bulls are right around the corner. Normally, XAG should surprise with another final push towards 17.80 levels. If that will not occur, then the outlook will be turned to Bearish short-medium-term.