Elliott Wave & Hurst Cycle Analysis of Silver (XY futures contract), & the US Dollar (DX Index) by Sid from ElliottWavePredictions.com. Click on the charts to enlarge.
By utilizing a combination of Elliott Wave and Hurst Cycle Analysis, I believe silver will put in a significant bottom in about 3 weeks. As the daily chart below shows, there is a significant cluster of cycle troughs centered around October 8: those being the 40-week, 20-week, and 80-day cycles. Also, all of those troughs fall within an 18-month cycle trough window.
A bounce starting as early as October would fit nicely with both the main and alternate Elliott Wave counts, as shown on the weekly chart below. Either way, we should see a rally soon in precious metals that is likely to last at least into the second half of 2015.
So how could precious metals rally while the US Dollar is shooting to the moon? Well, by using the same combination of Elliott and Hurst, it appears that the current US$ rally may end at about the same time as precious metals bottom. See the chart below for the main and alternate roadmaps for the US Dollar (DX Index).