The inverted silver

We have inverted silver to have a better look in terms of what the exponential commodity is up to. The primary structure (Fig 1) suggests that prices are completing a 5 primary which equals 1.618 times of the 3 primary at current levels. Though we have no reversal signs yet, the climactic look suggests that we are in for an extreme which is not going to end very well for a section of market which likes extreme trading.
Fig 2 also illustrates a daily completing five legged structure. There is no reversal signal on Silver yet, but considering we are heading into a key price projection it’s imperative to understand the price structure and look for any potential reversals.
Prices have started to form a potential daily Key Reversal bar today (Fig 3). However, the subminor move lower does not look like a five wave structure (Fig 4). A break at 37.6 channel highs would suggest that we are in for a push till 37-36 and then a final push back to 40-41 when the current formation should reverse for at least a few weeks. It’s only then can we look for a large primary reversal. At this stage it’s best to wait for price confirmation and trade low exposure. Trading extremes is not for everyone.