Silver INTRADAY CHART
15th December:
As suggested last week, we have seen an expanded flat - and probably not quite complete. It suggests a mild pullback higher in (cyan) Wave iv and followed by the Wave v that should stall between the 33.3%-38.2% expansion in Wave EFB at 13.51-55. From here we should see a recycling higher in Wave EFC to between the 41.4%-50% retracement in Wave [iv] at 14.72-91.
This would allow a decline in Wave [v] to the 12.75-98 area being the 50%-58.6% projection. This would match with an approx 50%-58.6% projection in the daily Wave (v).