Silver – Monthly Analysis

Silver spent most of July hovering near $60 after a decline of roughly 50% from its all-time high—an outcome projected well in advance. Is this now a generational buying opportunity, or merely a temporary stop on the way lower? The answer depends on whether Silver is finally building a durable bottom or whether the larger structure still has unfinished bearish business. After such a deep decline, even modest reversal signals can appear compelling. However, the long-term technical roadmap still requires confirmation, and the difference between a genuine bottom and another temporary pause could be substantial. In this monthly Silver Technical Analysis, we examine the metal through its key technical signals, evolving risk profile, Elliott Wave structure, and critical inflection points. The goal is to determine whether Silver is preparing for a meaningful recovery—or whether additional downside targets remain active before a confirmed long-term bottom can be established. CANDLES: Silver closed…