Silver Analysis: Next bounce incoming? Elliott Wave analysis

Hinzugefügt: 2026-05-28

[00:00:00]The silver chart moved up a little bit today after reacting to our micro support zone, which is between $77.46 and $77.88, but no major movements on silver.

[00:00:13]The bounce is seen as bounce currently, which could unfold as an ABC structure.

[00:00:18]And it started in our support zone here on the 19th of May.

[00:00:23]And we've now moved into resistance into the target area that we defined already last week.

[00:00:28]Um between $79.41 and $86.36. That's a standard resistance area, and we could narrow it down by looking at the structures within this larger pattern. So, the micro structure targets for the move up suggested $79 to $81.50 should be reached next.

[00:00:48]And if this move up from the low on Tuesday is really an ABC structure, ideally, the market should not break decisively above $81.50. So, that means the coming days will become quite relevant. Um my my main view is, and I shared that in the last update, that we could easily get one more high in this um in this blue C wave, and that's easily possible, especially as long as the market can hold the $77.46 micro support level. So, one more high still cannot be ruled out here.

[00:01:23]And [snorts] if we get that one more high, the market might reach $79.87 to $80.48.