A Measured Move in Silver

When you start looking at the down side price potential of Silver, the very real possibility that the December 2016 cycle low could be taken out becomes evident.

Here we have a measured move of the A-Wave of the correction taken from the top of the B-Wave triangle projecting a price point at 13 & 1/8th. You could also project the height of the B-wave triangle from the top of the e-wave ending, projecting a price target down in the same vicinity.

The implication is lower Silver Prices. The worrying thing is the implication that the current multi-year Silver cycle, which started in December of 2016, might actually be bearish! That also implies a higher dollar, which the intellectual in me says Rubbish! to... Full disclosure: accumulating Silver.