Quick Silver Update - Market Analysis for Nov 14th, 2023

Nov 14, 2023 - 9:55 AM EST

The biggest potential signal I am seeing at this time is in silver. So, I wanted to write a quite note about it.

As I mentioned lately, we still seem to be in a bottoming structure of sorts. Now, we are at a point wherein silver can potentially prove a bottom is in place. What I am seeking is 5-wave structure to complete off the last lows struck to suggest that the tide has potentially turned.

Should we get that 5-wave rally in silver as shown, then corrective pullbacks can be buying opportunities. Until that happens, we have no confident bullish signals yet.

Avi Gilburt is founder of ElliottWaveTrader.net.

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