Soaring Silver Daily Chart Update

Silver has come back from the “Dead” and has been soaring with a great spike being formed right now.  I believe there is more silver upside, but the corrections can scare even the most bullish traders.  This could be part of a 5 wave Minor degree sequence, which also makes it a “C” wave bull market.

I have about 6 silver long positions which I got in a little late but I have no intention of selling just yet.  I find no use in using the outdated Gold/Silver ratio as they are both used as metal currencies.

I don’t see any group of analysts that use silver as a base to calculate all other ratios with.

Silver is also part of the “Energy Metals” group as it is used in solar cell production. Silver might not slow down until we reach wave 3-4 in Minor degree so be prepared for a wild ride.

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