SILVER Elliott Wave Technical Analysis – 27th July, 2018

Last analysis noted Silver had broken below support about 15.65, which had been held for just over a year, and that a small bounce up to resistance at prior support was expected for the week. A small range inside week exactly fits this expectation. Summary: A classic...

SILVER Elliott Wave Technical Analysis – 6th July, 2018

A little more downwards movement was expected from last week’s classic technical analysis. At least four Elliott wave counts remain valid, so classic technical analysis is vital to indicate which one is most likely. Summary: Silver has been coiling for about a...

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 – 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...

SILVER Elliott Wave Technical Analysis – 26th January, 2018

A small downwards wave to about 16.686 – 16.617 was expected, then a final last upwards thrust to a new high above 17.330. Price did move lower to reach 16.737, 0.051 short of the target zone, and there it turned to move higher. Summary: The classic analysis...

SILVER Elliott Wave Technical Analysis – 11th January, 2018

Last analysis had three Elliott wave counts. One wave count was invalidated with a new high above 16.602, so only two wave counts now remain. Summary: A sideways consolidation and then a short upwards thrust is now expected. The sideways consolidation may last at...