Silver has moved lower on light and declining volume since last analysis three days ago.
Price has moved lower as the main Elliott wave count expected, but only slightly. The confirmation / invalidation point remains the same.
A new low below 16.652 confirmed a more bearish second alternate Elliott wave count and invalidated the first two Elliott wave counts.
Upwards movement continues so far as expected for Silver.
Upwards movement was expected for Silver.
Price has mostly moved sideways.
Another downwards week leaves all three Elliott wave counts valid, but one looking extremely unlikely.
Downwards movement over the last week invalidated the Elliott wave counts.
Last week expected an upwards trend was in place.
Price continues higher as expected.
Price has broken out of a small consolidation upwards, not downwards. The wave count is changed.
Again, a downwards breakout from a consolidation was expected and has not yet happened.
Price continues sideways within a small range finding support right at the trend line on the daily chart.
Last Elliott wave analysis expected downwards movement for both wave counts. This is not what happened. Price has moved slowly higher over the week.
More downwards movement was expected for the short term for Silver.
So far Silver has moved slightly lower.
Upwards movement from Silver was expected.
Price broke below the trend line and then breached the invalidation point.