65 ma on weekly (around 20 at the moment) is obvious but works better on gold than silver.
It is possible that the triangle (a 4th wave) and the subsequent 5th up and pullback is smaller action within a bigger move and things COULD continue up. However all other measure seem to suggest a super overbought status that would suggest the recent move down was a wave A or 1 of more serious downside.
We could consider this as part of a H&S at least so probably a minimum of
31.24-28.55=2.69
28.55-2.69=25.86
By the way on the way up a measured move had
19.80-8.43=11.37
19.80+11.37=31.17
and we got 31.24 so certainly a reason for upside caution in the short term.
