Silver - Don't Buy Here

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Silver - Don't Buy HereSILVER (US$/OZ)TVC:SILVERabskapAs tempting as these prices are to try and go long in silver - Now is not the time. Silver is still in the middle of a complex WXYXZ corrective from the highs it made in January (121 levels). These kind of complex corrections usually come after quick + strong rallies. Any current upmove that comes about in silver is a clear case of sell on rise. Prices may go up towards the 61.8% levels on wave X. This opportunity should be used to sell silver with a clear SL of 90. Wave z is still pending and I wouldn't be surprised if silver once again finds itself in the 62 - 58 zone. Any area below 60 would be a great buying / accumulation zone.