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SILVER Elliott Wave Technical Analysis – 23rd March, 2015

by | Mar 23, 2015 | Silver, Silver Historical | 5 comments

I’ve struggled to figure out what Silver has been doing on the daily chart for this last month. I think the market is now a little clearer.

Charts only today.

Click chart to enlarge.

Silver weekly 2015

Silver daily 2015

5 Comments

  1. Mohannad on March 24, 2015 at 3:00 am

    I don’t think gold and silver to go opposite direction
    If this happens lara would be the first analyst to predict this…

  2. Prospector on March 23, 2015 at 7:32 pm

    Should or how could silver continue downward while gold is in a trend change?

  3. davey on March 23, 2015 at 9:30 am

    Lara, would you give a time estimate to reach 1st target 11.92 ?

    • Elliott Wave Gold on March 23, 2015 at 2:56 pm

      Maybe another 18 weeks. But Silver really doesn’t often exhibit nice Fibonacci numbers in duration; intermediate wave (A) lasted 30 weeks, intermediate wave (B) 54 weeks (one short of a Fibonacci 55 which is pretty good for Silver). If intermediate wave (C) ends in another 18 weeks it will close to equal in duration with intermediate wave (B) and it would be a Fibonacci 55 weeks.

      • davey on March 23, 2015 at 3:11 pm

        Thanks.