Silver is Setting Up to Drop Down to as Low as 21 Cents.

OANDA:XAGUSD   Silver / U.S. Dollar
Silver, after confirming Partial-Rise, has also formed 3 Falling Peaks and looks to be preparing to drop back below the bottom end of the range at 18 dollars. When it does this, it will enter a Butterfly BAMM Wave Structure that ends at the 1.272-1.618 Fibonacci Extensions. As a result of this new price action, I am lowering my price target to $6.61-$0.21 from my original $13 target.