Silver 5 Waves Down

This break down today gives us a potential 5 waves down off the recent highs.   That likely means that any rally which is seen will only be corrective in nature.  Again, I remain VERY cautious of this complex, and the market is not doing anything to ease those concerns.

silver144min
silver144min
Avi Gilburt is founder of ElliottWaveTrader.net.