Bullish Momentum Catching Up in Silver

The Price has been on a quite choppy rise. It gives rise to several possible interpretations for the structure, but after several weeks of waiting it seems like it was creating a strong accumulation of orders, setting a base if you may, before taking off strongly to the upside. In the Wave Principle context we might be seeing a series of waves 1 & 2, no finally moving into the latter stages of a minor wave three.
The commodities market tends to display its strongest phase of the cycle in its last leg, leading me to believe that we are about to experience an aggressive rally during the minor wave five of higher degree wave three.
The rally hit a minor pause on Thursday and moved sideways for the rest of the week, however the break up should come swiftly after this coming week starts.
I do need to see the price respect the Friday low at around 31.12 for the view to hold. We might see some slight variations on the theme but a continued move below said level throw a wrench on the setup as a whole.

Happy Trading :)