With the new high on the Silver, it now aligns with the new high on Gold, both markets can now be counted as a possible impulse wave from their respective 2018 low (5 wave rally). So if you are bullish the metals I would strongly suggest some caution here.

If the recent high ended a 5th wave of an impulse wave as shown, then a pullback in 3 waves can be seen to correct the advance from the 2018 lows, that would be a buying opportunity to those that have missed the moves on the metals.



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