From 23.08 Silver look as if the first wave down is finished, retrace time. Recent double bottom = iii and v of 5.
First wave down likely in for SLW as well, if it is 2nd wave time, price can run back up to 24.88
I'm changed my mind today. I think something is way bigger going on, otherwise nothing makes sense to me. I think the market started a correction down. If tomorrow non-farm payroll is a very good number and SPY will go 1.25% down again, I'm sure it's 100% the begging of the long expected market correction. So how far and how long it can take I don't know, but if I see this tomorrow morning I will be out from all stocks, then buying some back on dips in few weeks.