SILVER Elliott Wave Technical Analysis – 22nd March, 2018

A little more downwards movement to end within the range of 16.173 to 15.874, or at target 16.093, was expected before a trend change. Price moved slightly lower, turning at 16.106, within the range and just 0.013 above the target. Summary: Look for a bounce to...

SILVER Elliott Wave Technical Analysis – 16th March, 2018

All three Elliott wave counts remain valid. Classic analysis favours the main Elliott wave count. Summary: Classic analysis favours the main bearish Elliott wave count. Look for a little more downwards movement early next week to be followed by a bounce to about...

SILVER Elliott Wave Technical Analysis – 8th March, 2018

A new low below 16.173 favours the main Elliott wave count. Volume suggests the breakout direction from a large symmetrical triangle on the weekly chart. Summary: Expect a bounce here to about 17.035 – 17.109. Thereafter, a large downwards wave may develop. A...

SILVER Elliott Wave Technical Analysis – 22nd February, 2018

A little more upwards movement was expected before a pullback, but the pullback arrived early. The pullback was expected to last a few days and so far has lasted 4. Summary: A new low below 16.173 now would indicate an ongoing bear market for Silver. The target would...

SILVER Elliott Wave Technical Analysis – 15th February, 2018

Price has bounced over the last week exactly as last analysis expected it to. Is the bounce now over? Summary: Expect price for the short term to overall continue higher to reach about 17.100. There may be a pullback to last a few days along the way up to the target....

SILVER Elliott Wave Technical Analysis – 8th February, 2018

Price has broken out of a small consolidation. Both Elliott wave counts remain valid. Summary: Look for a bounce in the short term, which may end about 17.100. But if the bounce takes price above 17.680, then have confidence in an upwards breakout. The target would be...