Started grabbing these as they should pay off nicely as institutional selling starts to pick up in the next few days. Covering all of my SLW longs per delta and remaining short silver until we approach the twenty area.
If this is the Wave 2 retrace I mentioned on Sunday or Monday, then Wave 2 down should end at 21.20. Then Wave 3 up in spectacular fashion. Mind you, we don't have to go to 21.20, we start move up anytime now as Wave 2 has met the criteria, but that 21.20 is the most likely retrace point. We then head up to a minimum of 24.34 with a strong likely hood of attaining 25.43 in short order.