SILVER Elliott Wave Technical Analysis – 20th July, 2018

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...

SILVER Elliott Wave Technical Analysis – 2nd July, 2018

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...

SILVER Elliott Wave Technical Analysis – 1st March, 2018

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...

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 – 2nd February, 2018

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...