Silver$ - Bounce-back towards 25 - 27

Silver (CMP:19.46$) The above quarterly chart shows fall arrested at median line support & now we will expect the pullback towards 25 - 27.

In the perspective of Elliot wave, Major impulse wave has completed and now major  three wave corrective structure is in progress. Wave a has almost completed & now we are in wave b which will be heading towards 25 - 27 level which is 38.2% - 50% retracement level is taken from 35.4 to 18.19 levels. The  . Support level placed at 18 - 17.

On the weekly chart, the RSI indicator shows multiple leg of positive divergence with its price, which is the sign of strength. 

Recommendation: Buy at CMP (19.46) for the target of 25 - 27 levels with the stop loss of 17 (Closing basis).