Elliott Wave Analysis: SILVER Intraday View

Gregor Horvat Wavetraders

Markets are turning strongly against the USD at the moment as stocks continue to drift lower. We see Dax hitting a new low near 11600 while gold and silver jumped above 1210 and above 17.45. On Silver we see more upside in the very near-term up to 17.70 based on minimum expectations as we see price in wave 3 now which will very rarely be smaller than wave 1. So with that in mind, I will be looking for more gains while market is above 17.04.

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SILVER, ¸1H

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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