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SILVER Elliott Wave Technical Analysis – 27th April, 2016

More downwards movement was expected for Silver. Price has moved lower but not as much as expected. Summary: On balance, the expectation is for Silver to move a little lower for at least a few days. However, the picture is somewhat unclear. If a new high above 17.72...

SILVER Elliott Wave Technical Analysis – 13th April, 2016

Downwards movement was expected. This is not what happened. The Elliott wave count was invalidated by upwards movement above 15.514. Summary: Upwards movement is most likely over. A new low below 14.781 would confirm the main wave count and more downwards movement to...

SILVER Elliott Wave Technical Analysis – 30th March, 2016

Last week both Elliott wave counts expected at least a little downwards movement. This is what happened. Summary: A little upwards movement should unfold short term. A new high above 16.132 would invalidate the main wave count and confirm the alternate. If that...

SILVER Elliott Wave Technical Analysis – 23rd March, 2016

Last week’s analysis again expected upwards movement. This is how the week began, but today price has moved strongly lower retracing the gains of the last five days. Summary: A larger second wave correction has most likely arrived. It may last a few weeks and...

SILVER Elliott Wave Technical Analysis – 9th March, 2016

Last week’s analysis expected upwards movement from Silver, which is what happened. Summary: The trend remains up. The target for the next interruption to the trend remains at 16.802. New updates to this analysis are in bold. WEEKLY WAVE COUNT Click chart to...

SILVER Elliott Wave Technical Analysis – 2nd March, 2016

Last week expected the correction for Silver to end in four daily candlesticks at the most, at 15.069 – 15.063. The correction may have ended in three days at 14.607. Summary: The trend for Silver should still be up. A correction against the trend may have ended...