On the hourly chart of Silver, we see commodity undergoing a nice impulsive sequence to the upside, with price specifically trading in sub-wave v of three. That said, current sub-wave v may extend its gains towards the 161.8 or even higher to the 261.8 Fibonacci projected ratio, before making a new reversal to the downside. After sub-wave v of three finds a top, a minimum three wave correction may follow into the following wave 4.
SILVER, 1H
