by Lara | Jul 22, 2018 | Silver
Last analysis noted that Silver had strong support about 15.65. A downwards breakout below long held support was expected as more likely than upwards. Price closed at 15.485 this week, giving a classic downwards breakout. Summary: A classic downwards breakout from a...
by Lara | Jul 2, 2018 | Silver |
The main Elliott wave count expected downwards movement to continue for Silver, which is what has happened. Summary: Silver has been coiling for about a year now. Volume suggests a downwards breakout may be more likely; this does not always work, but it does work more...
by Lara | Jun 9, 2018 | Lara's Weekly, Silver
A strong upwards week fits the larger expectations for the preferred Elliott wave count. Summary: The target is at 19.593 or 20.395. Volume and On Balance Volume are both bullish. An upwards breakout from a consolidation zone looks likely to happen within a few weeks....
by Lara | Apr 29, 2018 | Lara's Weekly, Silver |
The upwards breakout noted last week has turned out to be false. Price is back within the consolidation zone. Summary: There is more support from volume for upwards movement. Look out for another upwards breakout next week. A new high now above 17.331 would offer...
by Lara | Apr 14, 2018 | Lara's Weekly, Silver |
A bounce was again expected. Price has made a new high this week so far. The target is not yet met. Summary: Silver remains range bound. Volume now suggests an upwards breakout may be more likely than downwards. Resistance is about 16.810 – 16.950 and support is...
by Lara | Mar 1, 2018 | Silver
Price continues to move sideways within a small consolidation. Volume may assist to tell which direction may be most likely for a breakout. Summary: A new low below 16.173 now would indicate an ongoing bear market for Silver. The target would be at 3.858. A bearish...
by Lara | Feb 22, 2018 | Silver
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...
by Lara | Feb 2, 2018 | Silver
Silver is consolidating. Volume may suggest the breakout direction. Summary: Silver is in a small consolidation. Volume suggests an upwards breakout. The Elliott wave target is at 20.395. A new low below 15.525 would indicate Silver remains in a bear market. The...
