Market Analysis for May 11th, 2018

Silver: 16.71 SI is support and I anticipate local oversold signal to be given there. Below 16.60 SI I could not confidently maintain the upside impulsive count.

Bullish scenario prevails here until 16.60 is taken out to the downside.

BaseCase - SI - 1 hr - 11-05-2018 - 2
BaseCase - SI - 1 hr - 11-05-2018 - 2
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.