SILVER Elliott Wave Technical Analysis – 1st December, 2017

A downwards breakout was expected to be about a week or two away. The downwards breakout has come, about a week earlier than expected. Summary: The classic analysis target is 15.74. The Elliott wave target is 15.262. A second wave bounce may offer an entry point to...

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 – 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 – 1st September, 2017

A pullback was expected to move price lower to about 16, but this is not what happened. Price has moved higher. 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...

SILVER Elliott Wave Technical Analysis – 16th August, 2017

A downwards swing was expected, but it was much more shallow than the target. Summary: Silver may continue higher from here to a target at 18.89. New updates to this analysis are in bold. Last monthly chart is here. ELLIOTT WAVE COUNTS FIRST WAVE COUNT WEEKLY CHART...

SILVER Elliott Wave Technical Analysis – 13th July, 2017

Last analysis expected a downwards breakout below support at 16.05 – 15.70. This happened on the 7th of July. Summary: Expect a new low. The Elliott wave target is at 15.17. Thereafter, expect a trend change and an upwards wave that should last weeks. New...

SILVER Elliott Wave Technical Analysis – 22nd June, 2017

Last analysis expected downwards movement, which is what has happened. Members who took last week’s trading advice to enter short on the bounce of the 14th of June should now have profitable positions. Advice is given this week on how to manage those profitable...

SILVER Elliott Wave Technical Analysis – 14th June, 2017

The channel on the daily chart was breached indicating price should move lower, which it has. Summary: The target for downwards movement to continue remains at 15.17. Corrections are an opportunity to join the trend. Stops may be set just above the last swing high at...