Silver has finally breached the upper BB and made new high: the prior target projections to 17.45 region (and possibly to 17.75) are now in the cards and may be filled in a few days. Nevertheless, as long as 17.35 holds (i)-(ii) count to the downside remains also valid. Over 17.65 I would be concerned about further decline - but as long as 19.02 holds impulsive count having the lower targets remains valid.
As for the smaller time scale: as long as 16.7 support holds I am expecting higher levels. Reaction to break out the upper BB in the nearest few days will be very telling.
As for the smaller time scale: as long as 16.7 support holds I am expecting higher levels. Reaction to break out the upper BB in the nearest few days will be very telling.
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