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SILVER

Silver is finally turning lower in wave C) after recently accomplished B)-wave near 78.6% Fib. retracement. So far decline looks strong so there is a chance that weakness will continue towards 16.50 where support can be seen later this week.

SILVER, 1h

S&P500

E-mini S&P500 is trading in a sharp new impulsive wave up, currently in sub wave 5 of an extended red wave 3) which can see 2290 in the next few sessions. We see trend now in bullish mode as long as the price is above 2265, while supports for potential bounce on retracements is at 2275.

S&P500, 1H