The following developments for the silver price should be characterized by further increases until the green wave 3 is completed and forces the bulls to rest a little bit. However, a more prominent 3rd-degree-wave, namely the blue wave (iii), should be completed between $26.95 and $29.06, before pushing the course back down South. In any case, movements below $22.19 would force us to switch to a more bearish outlook.
