Precious Metals Elliott Wave Weekly Update - Sunday, March 15

By Michael Filighera of Logical Signals

Technical Analyst & Trader • Mar 15, 2026 at 3:58 AM EDT

Gold's intermediate correction targets $3,867–$4,230 before the metal attempts new all-time highs. Silver and Platinum face further downside as geopolitical tensions and dollar strength drive near-term market volatility.

This podcast episode was a weekly update on gold, silver, and platinum markets recorded on March 14th. I provided a detailed Elliott Wave analysis of gold, noting it was in an intermediate fourth wave correction following the completion of wave 3 in January at $5627. I expected gold to decline to levels between $3867 and $4230 before resuming the upward trend toward new all-time highs. For silver, I identified it as being in a primary X wave correction, with intermediate waves A and B complete and currently in intermediate wave C, expecting a decline to around $53-$55 before recovering. Regarding platinum, I analyzed it as being in a primary degree C wave correction, with intermediate wave 3 underway and potentially reaching levels below $2000 before completing the larger correction. I noted that current market movements were being influenced by geopolitical tensions, particularly regarding the Iran conflict and dollar strength, which were affecting precious metals prices.

Video Length: 00:36:07

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STOCKS IN THIS ARTICLE

COPX GLD PPLT SLV

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