According to the bearish expectations :

Under the bearish alternate view on this fine frame of daily chart, after the barrier triangle as wave (4), Silver fell down in the five-waves sequence which should be only first wave of wave (5). Hence, the rise up from low of 14.15 through last peak at 18.50, could be corrective wave 2 of the fifth wave in progress.

A neat explanation on the price action from peak of the wave 2 :

Currently, the sequence of five-waves overlapping down, in a bearish leading diagonal, as an initial subsequent, conceptually would infer that the trend persistently is down. And so, after the ongoing correction up as the wave ii (circled) of impulsive wave 3, bearishness will likely to dominate over the coming weeks

Silver - Daily


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