Silver Is Trying To Break Out Directly

While I was looking for a standard 5 waves up off the wave 2 pullback for wave i, it seems silver may have developed a much smaller i-ii, [i][ii], and is now attempting to break out directly in wave iii.  The 34.15 region is the micro resistance, which if broken, can allow silver to begin to stretch its legs.  Over 34.15, and the 33.60 region will become our support for that break out.

Should we see such a break out then the next consolidation/pullback will be wave iv, and once it does break out, then I will provide the micro support for that wave iv.  But, again, 33.60 should be the lower end of that support.  This bears (pun intended) watching very carefully over the coming days.