Elliott Wave analysis: Spot Silver targeting fresh all-time highs [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

Spot Silver (XAG/USD) has mounted a notable recovery following the sharp decline from its all-time high of $54.46 to the $45.40 low registered on 28 October. We interpret this decline as the completion of wave (4) within the broader impulsive structure. While the metal has yet to decisively break above the $54.46 high to fully negate the possibility of a double correction, it currently trades just a few cents below that threshold. Given this proximity, the likelihood of a double correction at this stage appears minimal.

From the wave (4) low, price action has unfolded as a nesting five-wave impulsive sequence. Wave ((i)) concluded at $48.45, followed by a corrective pullback in wave ((ii)) that ended at $47.22. The advance resumed with wave ((iii)) reaching $49.14, while wave ((iv)) retraced modestly to $48.65. The final leg, wave ((v)), terminated at $49.36, thereby completing wave 1 of a higher degree.

Subsequently, a corrective wave 2 developed as a zigzag structure, bottoming at $46.86. The metal has since resumed its ascent in another impulsive nest. From wave 2, wave ((i)) peaked at $54.39. A pullback in wave ((ii)) is currently underway, correcting the cycle from the 5 November low. In the near term, as long as the $45.40 pivot remains intact, dips are expected to attract buyers in 3, 7, or 11 swings, supporting further upside potential.

Spot Silver one-hour Elliott Wave chart from 11.14.2025

Spot Silver Elliott Wave [Video]

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300.

Gold pushes back above $5,000

The daily chart shows spot Gold in a parabolic uptrend that accelerated sharply from the $4,600 area in late January, printing a record high at $5,598.25 before a violent reversal erased nearly $1,000 in value during the final days of the month.

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.