Bullish Potential :
The structure of Silver’s rise since the August low, has unfolded in three waves of Minute degree (not shown), so far. Tracing out a Minor degree five-up from this low is the wave structure that will confirm the bull trend over the coming months.
Near term, the 14.24 low on Sept. 15 should hold under this bullish case. A decline below this low would complicate the wave structure and turn the bullish stance temporarily neutral.