Market Analysis for May 2nd, 2018

Silver: so far so good, bounce seems to be taking impulsive form and as long as coming micro pullback will be holding over 16.07 SI rally in the wave C is a reasonable scenario.
Below 16.07 the count has to be revised

BaseCase - SI - 1 hr
BaseCase - SI - 1 hr
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.