Thursday, September 6, 2012

Silver ~ Update ~ 6 September 2012

It's been a very long time since I've posted an Elliott wave count for silver (early 2011:

Thus it's time for an updated count:

If 26$ is indeed the low of wave IV, wave V to new highs should now follow.

Interestingly, during wave I and III silver rose about 430% (433% in wave I and 427% in wave III). If we get another 430 % rally during wave V, the target would be 138 $ (!).