Silver is unfolding a strong and impulsive move to the upside, which is a clear bullish sign for more gains to follow.

If we look closely, we see silver trading at the end of a blue wave three, which can see limited upside near the upper channel line and from there make a new three-wave push lower into a temporary wave four.

The later wave four can search for support at previous swing lows near the 16.84/16.93 region and reverse higher.

Silver, 1H