SILVER

Spectrum.

Weekly. Look for bearish opportunities for the next few months especially from the end of Oct 2020. Pay attention that decline period for Solver exceeds the one for Gold while current bearish turning point is dated a few months later.

Daily. Active bearish phase generated by both lines till the end of the month.

Annual cycles analysis.

Stay bearish this week. A bullish bounce is expected in a week prior further decline till the end of Sept.

Turning points analysis.

Expected drop may find support at 21.40 for a short-run bullish bounce.

Elliott waves analysis.

A long-run decline is expected from current levels or from a negligible new high.

ZZ structure.

L-1. The ZZ is still bullish, but will turn into bearish if price drops below confirmation level 23.36 and crucial level 22.26.

L-2. Wait for higher ZZ status change to start looking for bearish opportunities for blue ZZ.

L-3. Wait for Blue ZZ status change to trade bearish green ZZ.