SILVER Elliott Wave Technical Analysis – 22nd November, 2017

Last analysis expected a triangle was either complete, or that it may complete very soon. The triangle is continuing sideways, and the trend lines are adjusted this week. This week’s Silver analysis now neatly agrees with the current Gold analysis. Summary: The...

SILVER Elliott Wave Technical Analysis – 9th November, 2017

Last week’s Silver analysis expected upwards movement to continue for the short term. This is exactly what has happened for the week. The targets remain the same. Summary: Expect upwards movement for the short term to at least 17.505. Movement may continue to as...

SILVER Elliott Wave Technical Analysis – 2nd November, 2017

Last analysis expected price could move a little lower before turning, which is what happened. Price bounced up perfectly off the lower edge of the channel on the daily charts. Summary: Expect upwards movement for the short term to at least 17.505. Movement may...

SILVER Elliott Wave Technical Analysis – 26th October, 2017

Price has moved lower for the week as a pullback continues. The Elliott wave counts now diverge. Summary: Silver is in a large consolidation and the situation is very unclear. Volume suggests an upwards breakout may be more likely, which favours the first Elliott wave...

SILVER Elliott Wave Technical Analysis – 12th October, 2017

Last analysis expected a little more downwards movement to either 16.347 or possibly as low as 15.799 – 15.649. The low came one day after last analysis was published at 16.311, just 0.038 below the first target. Summary: Look out for a pullback here or very...

SILVER Elliott Wave Technical Analysis – 28th September, 2017

Price has continued lower during the week as was expected from the last Elliott wave analysis. On Balance Volume continues to be a reasonably reliable indicator. Summary: Downwards movement has support from classic technical analysis. The target is at either 16.347 or...

SILVER Elliott Wave Technical Analysis – 6th September, 2017

More upwards movement was expected from last week’s analysis. This is what has happened. Summary: The trend is upwards. There are some signs it is nearing extreme, but there is room still for price to rise further. A short term target is about 20. Expect price...