Silver

Silver, too, has the potential to move higher still and invalidate its immediate bearish count of a smaller degree 4th wave in an expanding diagonal, which has been pushed to the limit.  If silver were to move a bit higher over the coming week, I am going to expect it will continue towards the 20-20.25 region which would create an almost perfectly symmetrical 4th wave flat, setting us up for a 5th wave to new lows.  These two counts are shown on the silver 144 minute chart, with the purple trend line representing the maximum region for the expanding diagonal, whereas the yellow count represents the 4th wave flat.