Bullish Potential :

As explained in the daily frame of Silver, tracing out the five overlapping waves in Minor degree, would suggest to embrace a bullish concept as an “ending diagonal” in Intermediate wave (5) down.

“An ending diagonal always terminates the trend at a larger degree and a reversal tends to be swift and sharp, retracing back to the origin of the diagonal pattern.”

Note : A decline below 13.93, the August 26 low, would instead turn on this bullish potential temporarily neutral.

Silver - Daily

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