Bounce in metals could very well be a start of the wave 2 up in gold and alt 2 in silver.
Preliminary target zone for gold based on common Fibs is the grey box on hourly chart, but so far I can't consider wave 2 count a high confidence - we have no complete 5 waves up and 3 corrective waves down. In corrective bounce I want to see at least .236 retr. level hit (1304.5) - otherwise pattern may morph into immediate bearish structure (possibly - already wave 3 down). So, I remain very cautious so far.
Similar approach could be applied to silver: target zone is based on .382/3618 retr. tange, .236 retr. level (minimum level to consider wave alt 2 correction started) is 20.2.
Please remember that failure to unfold complete 5 waves up in both, silver and gold, may initiate swift reversal to the downside, so please use stops just below yesterday 19.67 SI and 1282 GC.
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