Summary: I expect upwards movement to about 18.812.

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Silver daily 2014

This wave count is changed from last publication. If minor wave 1 was over lower and more recently, then it has a better fit.

Ratios within minor wave 1 are: minute wave iii is 0.81 longer than 4.236 the length of minute wave i, and minute wave v is just 0.04 longer than 0.618 the length of minute wave iii.

Minute wave iii has the strongest downwards momentum. Minute wave v ends with an overshoot of the Elliott channel. This impulse has a typical look.

Minor wave 2 is most likely to reach up to the 0.618 Fibonacci ratio of minor wave 1 about 18.812. Minor wave 1 lasted 86 days, just three short of a Fibonacci 89. Minor wave 2 may total a Fibonacci 34 or 55 days. So far it has lasted seven days.