Silver Deeper Than Expected

Yes, I know silver has dropped deeper than I expected on this pullback.  But, as long as we hold 27.70, I have to view this as wave (ii).

However, if we do break 27.70, and follow through below 27.50, then I have to consider an alternative larger degree wave 2, as shown by the lower support box and yellow wave 2 on the 144-minute chart. 

An impulsive rally back up through 29 would likely signal the conclusion of wave (ii).