Silver - Has bottomed or will bottom near 18.17

Silver - Has bottomed or will bottom near 18.17  

The correction from 20.57 in wave iv either completed with the test of 18.39 or will complete soon near 18.17 for the final impulsive rally higher to 21.58 and maybe even closer to 23.00 from where a new long term decline to below 13.65 is expected.

Short term a break above minor resistance at 19.04 will confirm that the correction in wave iv is complete and wave v higher is developing. While a break below minor support at 18.53 will indicate that a final decline closer to 18.17 will be needed to complete wave iv and set the stage for the final rally in wave v. I do slightly prefer the more bullish option, but will let the breaking above 19.04 be the deciding factor. 

Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...
Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...