Silver update - 18 September 2023

Analysis & Learning Sep 18, 2023

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology  

Silver - 40 day cycle trough came in as forecast, now looking for 20 day cycle peak.

In the last note on 30 August the analysis was that the 40 day cycle had peaked and we were looking for a 40 day cycle trough "mid to later September" from roughly 23.5 to 24 (blue target box in chart below). PREVIOUS ANALYSIS 18/8/2023 BELOW

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.