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Silver Weekly Outlook

Published 07/14/2015, 05:40 AM
Updated 07/09/2023, 06:31 AM

INTRADAY CHART

Silver Intraday Chart

14th July:

I have had to adjust the earlier (purple) Wave (i) and Wave (ii). This has a 323.6% projection in Wave (iii) at 14.38. Given the (brown) sequence lower has been stronger, it implies there was a minor Wave (a) and Wave (b), and therefore, we are approaching the Wave (iii). Note the Wave [iv] at 15.88 that will require a 3-wave decline in Wave [v] that - at 14.38 is just above a 58.6% projection in Wave [v].


Thus, with Wave (iii) at 14.38, we should see a correction in Wave (iv) of around 33.3%-38.2% for losses in Wave (v) that should reach the 13.60-66 area.

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