The anticipation was a completion of wave {i} and then a potential sharp pull-back for wave {ii} before moving higher into wave {iii}:
A wave {ii} sharp looks complete and now wave {iii} is working it's way higher:
In the ST, silver needs to stay above the critical support at 39.80 and bounce off a support zone between 41.40 and 42.60 to finish a small irregular wave iv (black). Then a wave v (black) up to 45 to 47ish fairly soon. Any move down below 41.00 at this time puts the count in jeopardy, below 39.80 kills it. If 39.80 happens to be taken out, then the threat of much deeper declines are back on the table.
The GSR is ready to fall to 25 to 16, giving silver a performance advantage over gold likely for the rest of the year. But the GSR must remain below 45.20, moving back above that level puts the downtrend in jeopardy.
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