Ref: 19.085 , Last 19.095 , High 19.14 , Low 19.04 . . . . Flat. . . . Positive RSI and MACD crossovers on the hourly charts. 10 dma still above the 20 dma, but not by much.
Not much to go on yet, but I think the gap at 22.10 will be the first target . 32.00 the III of 3 target by the end of summer. Sept 12th is one guess
Ref: 19.46 , Last 19.43 . . . . . Flat , noticed the dollar is up under the 200 dma, may be good resistance , and silver has the 10 dma / 20 dma crossover
Ref: 19.46 , Last 19.43 ..... wondering how the holiday will effect silver price and of course SLW price Tuesday, Monday is the day to hit 20.94 if its to be hit, but the SLW market is not open, Tuesday silver price may have moved up so 20.94 is nor hit but skipped over ??
Bought 22.00 calls, SL at 21.20, All I can see EW wise is a possible 1 2 , I II of 3 with III of 3 next , I've heard somewhere "buy when its boring" trying it once.
Ref: 19.50 ................. SLW is into a third wave, either a iii in a five wave headed up or the finial C wave of a retrace , fib points to 21.95 or 22.14, I expect the 22.14 tomorrow for a W iii, perhaps a wave iv down to 21.74 / 21.81 , then a run up to 22.40 / 22.50 area ............... 21.55 to 22.50 = about 4 1/2 % , possible , retrace Monday 21.55 is one possibility, about the 78.6 retracement.
Ref: 19.38 . . . . SLW coiling , just one - twos that have to develop into full waves , enough time has pasted to start seeing some gaps, up likely, third low on the silver 60 min chart , last two on higher RSI.
Pretty much made a double bottom this morning , not what one would expect for a retrace. The C = A retrace would be to about 21.75 , C at 1.618 X A = 22.05 , a wave iii =22.03 ,so until a W iv holds or don't hold near 21.73 I have no idea of direction . . . still in cash
lol, didn't mean to work you so hard, Usually W I of 3 hits resistance near the price of W1 (29.17) , so I see 27.14 as iii of I of 3 and 21.24 as iv of I of 3, example, if 21.24 is the low, 21.73 = i , 21.33 = ii, then (i) of iii may be near 21.67 / 21.72 tomorrow........ Wave III of 3 may = = 35.40 and Wave 3 = 39.76, retrace max to 29.17 for W4 then run up to 45.40 for W5 that = a Larger Wave ONE, retrace for Wave TWO hwb 31.50, then head up near 63.00, but that could be clear out into 2016, no worries for now