Silver Prices Play Catch Up to Gold's 6 Year Highs; What's Next?

From dailyfx.com Watch this video at https://www.metalsmine.com/news/934939-silver-prices-play-catch-up-to-golds-6.

Silver has rallied into a cluster of resistance while Gold’s rally is losing momentum. A small dip to correct the recent strength is considered normal in Elliott Wave Theory. The video above is a recording of a US Opening Bell webinar from July 22, 2019. We focused on the Elliott wave patterns for key markets such as silver, gold, DXY, EURUSD and USDJPY. Our silver price forecast is for continued gains so long as it trades above $15.94. Back on May 20 while using Elliott Wave Theory, we forecasted a meaningful bottom forming soon and an initial upside target ... of $16.70. The bottom eventually formed on May 28 and silver prices reached $16.59 last week. he recent rise for silver prices has been quick and large, but silver continues to trade well below its all-time high of $50.35 per ounce recorded intraday in January 1980. The wave structure of the recent up trend has us contemplating a couple options. The current rise has pitted silver prices against an equal wave channel. Therefore, some type of reaction lower would be normal. So long as silver holds above $15.94, then we will focus on the option that calls for continued strength up towards $18 per ounce. Under this scenario, the current Elliott wave as .3 of 3. A move below $15.94 does not eliminate high