SILVER: A Bearish Harami was printed today. A=C targets the fib

38.2 which is a typical retracement for waves 4. The Bollinger bands are starting to narrow which indicates a price movement towards the middle. On top of these, we have also indicated that the USD index is going up in the short term. With the stock market approaching an intermediate cycle high, we can safely conclude that silver should correct further in the short term.