Up to 29 dollars, followed by a violent correction to 17 dollars

We are still in correction for silver. We completed a full 5 wave impulse rally that ended in . We have not fully corrected yet and it looks like we are forming a flat correction for a wave B. Expect price action to rise to 29 to finish this wave, followed by a very steep price drop to 17 dollars. The reason for this price point if twofold: it coincides with the 0.618 retracement of the impulse rally and it is also the region where the wave 4 within the wave 3 of the impulse rally lies (circled on the chart).