hi ho silver!......well kind of.

Silver...what can you say. It can have some profitable short term rallies. I've  been patiently waiting to
buy silver stocks since the wave III top. In the short term I was not so sure that silver bottom.
Elliott wave mapping is sketchy at best. Whether this is a retrace or the beginnings of an impulsive wave remains to be seen. The oscillators look bearish and the cloud base line [9] crossed the conversion line [26].
Looking at the intra-day chart the recent upswing appears to me as an ab wave. If it is an retrace there's a myriad of Fibonacci targets that could come into play for c, a measured move would be 19.19. I'm speculating that price drops below the cloud and  bumps up against it and  resumes to finish a 5 wave move down. If price breaks above the b labeling [green] line I'm in. Hopes this helps,best wishes. Hillman

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