Silver Feb 27th

Last move up is still subdividing, and it seems it need at least another one high before taking a pause. A probable target range is between 35,9 and 36,15.

There are several medium term option for silver: it could be completing a wave ii of the decline from 44$ to 26$, and this would imply a large and fast drop toward new lows. Or it could be completing just the wave A of this wave ii. Or, and this is the bullish option, it is completing wave 1 of a new uptrend that would carry it above 50$. But all of these three options point lower in short term: the development of this downside should clear the medium term primary count.