ac7777
Short

Silver Downside Targets: 14.20-34 and 13.74

FX:XAGUSD   Silver/U.S. Dollar
51 2 0
I believe silver             is heading down in wave B of a 4th wave from its peak of wave A at 15.928. The path to the targets is shown, but the timeframe is questionable.
A bit of an adjustment here. The price action since my last posting created a higher peak and a decline wave giving further shape to a triangle which would appear to not only generate a thrust almost exactly to the previously cited lower target of $13.74 but also imply that this lower target may actually be the end of the 5th wave down. That would imply that the recent bear market could be over, or at least that the 'A' wave of the "ABC" decline will be over, either of which scenarios would mean a significant rally thereafter.
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ac7777 ac7777
Correction: Omit that white 'C' label at $15.56
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