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Last analysis expected a little more downwards movement to a target at 19.13 before a trend change. The trend change had already happened at 19.579 and price did not move lower.

Overall the wave count remains the same.

Click on charts to enlarge.

Silver daily 2013

Minor wave B looks like it is unfolding as a regular contracting triangle. Within the triangle minute wave c recently ended as a double zigzag.

This wave count now expects more upwards movement to complete minute wave d as a single zigzag.

Minute wave d may not move beyond the end of minute wave b above 22.224.

When minute wave d is complete then a final wave down for minute wave e would end the triangle. Minute wave e may not move below 19.579.

Overall this wave count expects to see very choppy, overlapping sideways movement for a few weeks yet in an ever decreasing range.

Silver daily 2013

Within minute wave d minuette wave (a) subdivides as a leading expanding diagonal.

Minuette wave (b) is an incomplete zigzag. I would expect to see it move a little lower or sideways before it is done.

Minuette wave (c) should move price higher, beyond the end of minuette wave (a) at 20.235.

At 21.695 minute wave d would reach 80% the length of minute wave c. This is a common wave length for waves within triangles.

Minuette wave (b) may not move below the start of minuette wave (a) at 19.579.