$Silver = Weekly Analysis = 15.05.2022 $SLV #preciousmetals $XAGUSD #silver #ElliottWave #commodities

After we called a 50/100 weekly MA bearish cross in April #silver is already down ~15%. This event is rare and it happened only 9 times in the last 42 years. After such events that always trigger multi-week/month corrections, silver suffered an average loss of 35%. Range: 8-72%. If the metal targets a 35% loss…