Off the major top made by silver at 52.797 in Apr 2011 silver has been declining in a large (A)-(B)-(C) corrective structure.
The final large wave ( C ) down has to be subdivided into five waves labelled as 1, 2 3, 4 and 5.
A corrective wave 4 up topped at 22.899 in July 2016.
The final wave 5 down has to be structured as A-B-C down. On the chart below you can see that subwave C of wave 5 down has just started.
To complete the red (A)-(B)-(C) down structure silver needs to make a new lower low under the low made by wave 3 down at 15.42 in Dec 2015.
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