EW count of 1 , 2 , I , II off the recent 19.31 bottom. High last night 19.69, last 19.52 , pivot?. . . lots of HHs and HLs on the 30 minute chart. Expecting Silver to be Up today.
A bit of a pop on futures opening tonight. HH at 20.43, just a penny, but up direction still in play Last 20.32 vs 20.27. Expecting a slightly higher high tomorrow before a retrace preparing for another higher wave.
Silver, Last 20.15 vs 20.08, steady rise, but due a retrace before taking off. last gap up 5 days ago, likely due one in the morning, they run from a few cents all the way up to 74 cent if I recall correctly, avg. 30 - 35 cents. 22.13 would clear recent resistance = 30 cent gap up.
20.16 , Last for Silver, Still above the 50 dma, that average is still moving lower, abt 20.11 now. 20.15 vs 20.12, little change, but a higher high has been made since the low made at 20.08 (double bottom on 5 min chart ) 20.24.
Made a low about an hour ago. . . 20.09, about a nickel below the 50 dma, since then gapped over the 50 dma at about 20.14, last 2016. High about 10:15 this morning was 20.60. Needs to stay above 20.14!