Posted on May 18, 2017 by "BB"
Silver has started a decline which should be part of a correction as we have some very choppy and overlapping waves. This morning silver also made a nice spike to the downside which at many times can be a reversal pattern. Tomorrow should tell us more if our present low holds as a wave 2. If I set this wave 1 top one higher degree, then silver would have to show some very aggressive bullish moves to make it to a potential wave 3 in Minor degree.
In the end it should all take us to the same new highs and rise well above that mid 2016 peak. We need to fill out wave 3-4-5 in Minuette degree, before we hit wave 1 in Minute degree. This is always easier said than done, but this "C" wave bull market is still alive at this point.