In my last post about gold, i did mention that the reversal is around the corner and can fall anytime, market is down 25$ from the time i posted the article.

Coming back to silver, the 4 hr chart shows that the recovery from the 11.44$ is almost the 5 wave. Either market could head to 19$ to complete the missing 5 wave or correct from here itself in the ABC sub wave.

A reasonable target of 16$ looks possible once the correction begins
Wave Analysis

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