Personally I think both gold and silver may well be what in EWT jargon is a 4th wave consolidation or triangle. It is too early to be sure but when I see a positive reversal followed by a I think there is a very good chance of a significant rise ahead. Note that C =1.6 x A which is a common finding in corrections. The fairly long down has been broken. Not a bad spot for long term traders (investors) to go in with a stop at the November 14 low.