Silver’s bottom in Dec retraced to qualify as an ewt wave 2.  The subsequent rally breaking above the 50 day MA and successful  backtest informs the likelihood that silver is now embarking on wave 3, typically a price acceleration zone. See fib extensions targets.

First time posting from my phone…hopefully below is chart showing the relatively thin volume zone from where silver sits up to the $21 price area…so all the stars appear to align.

Markets rhyme, they don’t repeat…and internals almost always look extended when price begins to accelerate in such a manner.