Elliott Wave Analysis of ZSL UltraShort Silver

First question. What on earth is this instrument? The ZSL Ultra Short Silver is an ETF described by Reuters as…”The Fund seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the inverse (opposite) of the daily...

Silver Chart

Hello again..I thought of spending a few minutes on the hourly chart of Silver to see if there are any clues. My analysis and comments appear on the chart itself. This is a sequel to yesterday’s detailed update on Silver.

Silver Outlook: Elliott Wave Analysis

The recent sharp swings in Silver has caused consternation among traders and investors alike. What is the outlook for this metal? In the last Elliott Wave Analysis of Silver, posted on 24th April, we saw a case made out for a test of the $50 level. It reached 49.51...

Elliott Wave Analysis of Silver

In the Elliott Wave Analysis of Comex Silver posted on 23 Nov 2010, I had warned readers that once the complex fourth wave (within the 3rd wave) was done, we will see the continuation of the move strongly to the upside (because we will still be in the 3rd wave mode)....

Comex Silver: Elliott Wave Analysis

A reader requested for an analysis of Comex Silver, and I decided to take some time off to look that up. The chart is quite interesting. Maybe I should start writing more on commodities! Anyway, here goes. We should take a look above 3000 and then come down in a...