Silver pullback seen as buying opportunity amid record breaking rally [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

The cycle in Silver (XAG/USD) from the October 28, 2025 low remains in progress as a clear five‑wave impulse. From that low, wave 1 advanced to $49.36 before a corrective decline in wave 2 concluded at $46.88. This initial correction set the stage for a stronger rally. The metal then entered wave 3, which unfolded with internal subdivision into five smaller waves, reflecting the classic structure of an impulsive advance.

From the wave 2 low, wave ((i)) reached $54.39, followed by a pullback in wave ((ii)) that ended at $48.60. Momentum resumed in wave ((iii)), which carried prices to $58.94, as confirmed by the 45‑minute chart. A modest retracement in wave ((iv)) found support at $56.44, and the subsequent rise in wave ((v)) extended sharply to $64.65. This completed wave 3 at a higher degree, reinforcing the bullish sequence.

Afterward, the market experienced a corrective phase in wave 4, which is proposed to have ended at $60.74. This decline appears orderly and consistent with the broader impulsive framework. In the near term, as long as the pivot at $56.44 remains intact, the expectation is for Silver to continue its upward trajectory. The structure suggests further extension higher, with buyers likely to re‑emerge on any pullback.

Silver 60-minute Elliott Wave chart from 12.16.2025

Silver Elliott Wave [Video]

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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