Gold and silver recovery gains momentum but confirmation still needed

Gold and silver are showing signs that their latest pullback may be over, supported by a strong rebound in mining equities. However, the Elliott Wave intraday view remains unconfirmed.

The analysis notes that a completed correction is increasingly possible, but confirmation would ideally come from a clear five-wave advance from the lows. So far, the wave structure has only partly met that condition.

Traders are watching whether metals can extend the recovery and confirm the pattern before treating the move as established.