Silver: major bottom may be forming here.

Silver: blue wave iii is my preferred count, with regard to alternative scenario suggesting bounce off support in the 14.445 - 14.235 region.

Please note that 14.175 is the 2018 low in July contract (13.62 SI in continuous contract) - and follow through this scenario open the door to really strong (long-expected) rally to all time highs.

Completion of the decline scenario (blue count on the 4 hrs) may be a matter of a few weeks.

BaseCase - SI - 4 hr - 16-05-2019 - 2
BaseCase - SI - 4 hr - 16-05-2019 - 2
BaseCase - SI - daily - 16-05-2019 - 2
BaseCase - SI - daily - 16-05-2019 - 2
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.