AMEX:SLV ISHARES SILVER TRUST
The chart above is of daily time duration and I am using SLV as a proxy for silver . I detected a mutated XABCD pattern. Some like to call this a anti-crab. From my experience, when impulse leg D lies between X and A, then the retracement of D to A usually will at Fibonacci .618, .50, or .382 before reversing to the downside. The negative clues on this chart would be the structure to the left at higher prices (resistance), and the down-trending . I would not make a or decision just on these two views. For a more complete picture, please move on to SLV , Part 2. Yours for better trading, Don.