Silver is trading lower on the 4-hour time frame after rebounding from the $25.40 resistance level. So, it appears that the grey metal is in a higher degree three-wave drop.
Ideally, that will be an A)-B)-C) decline, which is a part of the fifth wave of an ending diagonal.
Traders should be aware of more weakness after current three-wave A-B-C rally within wave B) that can retest the $23-$24 resistance area before the final push into a wave C) towards the $20-$19 area.