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Silver (XAGUSD) has reached new highs around 37.30 from where we have seen some turn lower, even breaking some 4-hour trendline support, so it looks like the metal turned down into a new consolidation phase. But this could still be just another fourth wave, with ideal support around 35.50, which was the spike low from last week. So after current pullback in wave 4 that can be a bullish triangle pattern, this be aware a bullish resumption within 5th wave, which may still be looking towards 38 or 39 levels.

(Click on image to enlarge)

XAGUSD 4H Chart

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