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Commodities

Silver – Road Map Update

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Open Articles Public Silver Weekly
942

In this Road Map update, we break down the recent moves, adjust the framework if needed, assess the implications of the new candles, and map out where silver is most vulnerable—and where it could still surprise.

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Elliott Waves

Short Term

Silver could not establish an impulsive structure, either to the downside or the upside, due to numerous overlaps of major waves, reinforcing the hypothesis that the market is currently in wave B. The corrective structure could continue pushing higher, as wave B often retraces 0.5–0.786, or even more, of the length of wave A. At this stage, the path remains highly unpredictable.

Candles

From a candlestick perspective, silver failed to form a daily bottom and may be setting up for multiple consolidation candles on the 2D frame. Tomorrow marks an important 8D frame close. A close below 86.125 (SI futures on COMEX) would be very bearish and would significantly elevate mid-term bearish odds, potentially triggering an immediate follow-through over the next 8D period.

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Open Articles Public Silver Weekly
942
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