SILVER Elliott Wave Technical Analysis – 20th February, 2015

A new low below 17.322 and then 17.201 has invalidated both my alternate Elliott wave counts for Silver (I only published one). This leaves just one Elliott wave count now for Silver. Click chart to enlarge. Minor wave 1 has a good fit. There is perfect alternation...

SILVER Elliott Wave Technical Analysis – 29th January, 2015

Silver does not answer the question: will the breakout for Gold, GDX and Silver be upwards or downwards? Click chart to enlarge. Minor wave 1 has the best fit. Minor wave 2 is here seen as a double zigzag. The structure is incomplete. A new high above 18.486 would not...

SILVER Elliott Wave Technical Analysis – 5th August, 2014

Last Elliott wave analysis expected more downwards movement from Silver. Price has moved lower as expected. Click on charts to enlarge. Main Wave Count. Downwards movement subdivides so far as an incomplete double zigzag. This cannot be an impulse if the movement...

SILVER Elliott Wave Technical Analysis – 7th May, 2014

A new low slightly below 18.585 to 18.581 invalidated last week’s wave count for Silver. I still expect a triangle is completing, but rather than a B wave within a B wave the triangle may be intermediate wave (B) in its entirety. This makes no difference to the...

SILVER Elliott Wave Technical Analysis – 30th April, 2014

Price has mostly moved sideways since last analysis. The wave count is the same. Click on charts to enlarge. Minor wave B still looks like it is unfolding as a regular contracting triangle. This wave count expects upwards movement to complete minute wave d as a single...

SILVER Elliott Wave Technical Analysis – 16th April, 2014

The wave count was invalidated with downwards movement. I was too quick to label the C wave of the triangle as complete. Overall the wave count remains the same. Click on charts to enlarge. Minor wave B still looks like it is unfolding as a regular contracting...

SILVER Elliott Wave Technical Analysis – 7th April, 2014

Last analysis expected a little more downwards movement to a target at 19.13 before a trend change. The trend change had already happened at 19.579 and price did not move lower. Overall the wave count remains the same. Click on charts to enlarge. Minor wave B looks...

SILVER Elliott Wave Technical Analysis – 5th March, 2014

Last analysis expected a three wave movement upwards for an X wave which is exactly what happened. The structure of the current correction is incomplete. I would expect overall another six days minimum of choppy overlapping movement. Click on charts to enlarge. Minute...