SILVER - daily chart - preferred EW count (8/27)

Fibonnacci projections: blue = multiples of Major Wave 1 (Oct '08 - Feb '09):
                                                 2.618 x Major W1 projects to 49.70
                                                 4.236 x Major W1 projects to 59.73

                                       gray = multiples of Intermediate Wave 1 (July 2011)
                                                 1.618 x Inter W1 projects to 49.96
                                                 2.618 x Inter W1 projects to 57.96




WAVE LABELING                                                            
CYCLE - Green - I, II, III, IV, V - A, B, C, X                        
PRIMARY - Red - 1, 2, 3, 4, 5 - A, B, C, X
MAJOR - Blue - 1, 2, 3, 4, 5 - a, b, c, x
INTERMEDIATE - Purple - 1, 2, 3, 4, 5 - a, b, c, x
MINOR - Red - 1, 2, 3, 4, 5 - a, b, c, x
MINUTE - Green - 1, 2, 3, 4, 5 - a, b, c, x 
MICRO - Black - 1, 2, 3, 4, 5 - a, b, c, x
NANO - Black - (1), (2), (3), (4), (5) - (a), (b), (c)