SLV could count as 5 waves up.

SLV could count as 5 waves up or as a giant C wave still (like gold still resembles).  Beware any rapid moves up from here which stalls at the gap fill and then pulls back.  Any fall back below the lower rail of the rising wedge is a sell indicator for all things M+M.

Another important data point is shown below.  That down sloping line has been important to the chart for some time now.  Now it appears to be breaking out.