Updated silver chart with 3 potential downside EW counts. The...

Updated silver chart with 3 potential downside EW counts. The red corrective count has failed, and we are currently correcting in the yellow corrective pattern. There is a more bearish green corrective pattern, but I put that at a low probability at this stage. EW is a process of elimination but the thing I like is that you know when one count is invalidated, and you can concentrate on the next. Obviously, there are some rare occasions where the EW counts turn into complex patterns. I definitely do not have the skills to identify these patterns. Currently looking for a bottom in the $25 to $26 price range.

I have looked at silver historical bottoms over the last 4 years that occurred around this time of year. If we are reenacting 2020 which I believe we are then we can expect a continuation in the bullish trend and a break of $30 once we bottom. Information below;

2020 - Bottomed June 15th in a bullish trend and rallied to new highs.
2021 - Bottomed July 26th in a bearish trend and rallied for 8 days and then continued to lower lows.
2022 - Bottomed May 13th in a bearish trend and rallied for 24 days and then continued to lower lows.
2023 - Bottomed June 23rd in a bearish trend and rallied for 27 days and then continued to lower lows.
2024 - Bottomed ???? in a bullish trend and ????

Silver still appears to following the path in the 2nd chart which I posted on March 25th prior to silver breaking out above $26. Just remember, I know enough about EW to make me dangerous!