WaveTrack International

Elliott Wave Financial Price Forecasting

Silver

by m.tamosauskas| February 14, 2014 | No Comments

20_silver140214

A lot of excitement today in the precious metal market since gold and silver are breaking above their 200-day moving average.  However, our view remains the same – the larger declines are still in progress with lower lows yet to come. The advances that began in June ’13 depict gold is unfolding into a counter-trend horizontal flat pattern, whilst silver is unfolding into a contracting triangle. This short-term silver chart shows minor wave c. is in progress with two additional price-swings (minor waves d. and e.) required to complete the sequence.

Category: Silver

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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