The charts below illustrate my Elliott Wave counts on Silver Wheaton.
First, a 2-year chart showing SLW's Wave 4 consolidation Triangle or Combination, which bottomed in May of this year. We see a Wave (1) high near $40 and I believe we are now in a W-X-Y-X-Z combination for Wave (2). My projected low for Wave (2) is showing clustering targets near $32 (near the 50% retracement and the green support trendline). I project Wave (3) to commence from that area after a bottom is set and we see a clear 5- wave thrust upward.