AMEX:SLV   iShares Silver Trust
MACD has reset during this correction in TIME (small price consolidation). Looks coiled at about the level of the last breakout. I've moved up my "Support" region from the 61.8-76.4% (17.46-17.73) range to between the 76.4-100.0% extension (17.73-18.17).
Wave 3 should complete with a negative divergence in MACD, although wave iii of 3 could see MACD extend higher than on wave (iii) of iii of 3.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.