Silver Sequence Maintains Downside, Elliott Wave Analysis Shows
Silver's incomplete Elliott Wave sequence from the January 29, 2026 high indicates further downside potential. The short-term cycle from the May 14, 2026 high is unfolding as a double three pattern.
XAGUSD
According to an Elliott Wave analysis, silver continues to exhibit an incomplete sequence from the January 29, 2026 high, suggesting further downside remains possible.
In the short term, the cycle from the May 14, 2026 high is unfolding as a double three Elliott Wave pattern. This structural setup implies that bearish momentum may persist before any significant reversal.
The analysis is presented in a video format, with no additional details on price targets or invalidation levels provided.
Source: FXStreet Forex News