I would say silver, which I just showed you uh no, GDX I showed you. Silver, let me show you Let me show you what I'm seeing in silver. Silver, there are several paths, two of which can take us lower, one of which can take us higher.
The one that takes us higher has to break back out over yesterday's high, and then take out this high. You take out this high, and I don't have a real bearish bias anymore. 7205 is the main high to take out.
But, first you have to take out yesterday's high. Until yesterday's high is taken out, folks, there are two paths that can point us lower. This is the bigger A B, which makes this wave one down of a C wave down.
The other potential I'm showing on the 5-minute is the bearish potential is that we have a wave two over a one two already in place, and this is going to be a wave one two one two setup of the downside setup.
That's why taking out yesterday's high is important right now. The more bullish alternative is that, you know, the B2 ended there, and this is a wave one. This is an expanded flat for wave two.
And, like I said, you take out yesterday's high, and that opens that up. Until then, you may, especially if the next bounce is clearly corrective, folks, you may want to remain protective cuz this could be pointing us minimally to 5315, potentially even lower. So, that's what you have to watch.
