SILVER Elliott Wave Technical Analysis – 21st December, 2017

Upwards movement was expected for the last week. This is what has happened. Volume analysis indicates the probability of the Elliott wave counts has shifted for Silver. Summary: Upwards movement may end here or very soon. Expect downwards movement now to about 15.403....

SILVER Elliott Wave Technical Analysis – 15th December, 2017

The target for downwards movement to end was at 15.262. Price reached 15.525 and has turned there, 0.263 short of the target. Summary: Look for upwards movement now for about one to four weeks. The target is at 17.132. Always trade with stops and invest only 1-5% of...

SILVER Elliott Wave Technical Analysis – 7th December, 2017

Last analysis expected more downwards movement from Silver for the week, and this is exactly what has happened. The classic analysis target has been met and exceeded. Price is continuing lower towards the Elliott wave target. Summary: The target is at 15.262. This may...

SILVER Elliott Wave Technical Analysis – 1st December, 2017

A downwards breakout was expected to be about a week or two away. The downwards breakout has come, about a week earlier than expected. Summary: The classic analysis target is 15.74. The Elliott wave target is 15.262. A second wave bounce may offer an entry point to...

SILVER Elliott Wave Technical Analysis – 22nd November, 2017

Last analysis expected a triangle was either complete, or that it may complete very soon. The triangle is continuing sideways, and the trend lines are adjusted this week. This week’s Silver analysis now neatly agrees with the current Gold analysis. Summary: The...

SILVER Elliott Wave Technical Analysis – 9th November, 2017

Last week’s Silver analysis expected upwards movement to continue for the short term. This is exactly what has happened for the week. The targets remain the same. Summary: Expect upwards movement for the short term to at least 17.505. Movement may continue to as...

SILVER Elliott Wave Technical Analysis – 2nd November, 2017

Last analysis expected price could move a little lower before turning, which is what happened. Price bounced up perfectly off the lower edge of the channel on the daily charts. Summary: Expect upwards movement for the short term to at least 17.505. Movement may...

SILVER Elliott Wave Technical Analysis – 26th October, 2017

Price has moved lower for the week as a pullback continues. The Elliott wave counts now diverge. Summary: Silver is in a large consolidation and the situation is very unclear. Volume suggests an upwards breakout may be more likely, which favours the first Elliott wave...