Silver appears to be in consolidation - possibly with 5 waves in a wedge pattern.
The long term outlook from current price levels is up..... Accumulating silver between 15.60 and 16.00 may be a good entry point for a long. This opportunity has just been present in last week.
Upside potential beyond the e wave
1. A smaller ABC - to 23.00
2. A larger ABC - to 50.00 plus.