July Silver traded to a high of 18.20 and just breached the 60% sell window before turning sharply lower. This price action is forming a potential TR sell pattern. The market needs a trade below Wednesday’s daily low (17.455) to confirm the reaction swing and the final segment of the TR pattern sequence. If the sell signal is confirmed, the reverse/forward count projects a bearish cycle into the May 5 with a possible target objective of 16.60.
