$SLV

SLV may see a lower low, but any pullback is a buying opportunity with a longer-term target of at least 97.

BullishHe framed it in months
“Avi’s Market Minute - August 26th 2026: Update on Gold, Silver & GDX”
ElliottWaveTraderPublished Aug 26 · 3 passages

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Let's look at silver. Silver is the one chart that out of the three that I'm tracking that really is much more strongly suggestive of a potential lower low. Why is that? Well, we haven't even gotten to the 236 retracement of the prior decline.

Now, we know that silver loves to catch up at the end of the cycle, whatever cycle that it's dealing dealing with. So, it is possible that we could get a corrective pullback and then get a nice big C wave rally back towards the highs.

That's very It's really very reasonable perspective.

But because silver only rallied to the 236 retracement, I think silver has the best chance to get lower lows out of the three charts we're tracking. This one is one that I actually bought some protective puts with because of the potential for lower lows.

Now, it could be a marginal lower low. I can't tell you. Remember, my ideal target on this was 5350 and I I we came up about a buck or a buck and a yeah, we came in about a buck and a half short of that. 5350 maybe all we get.

I don't know, but it could get even deeper as deep as 40. I don't know. That's what I still don't know.

But I would say that this really looks like the best potential for a lower low out of the free charge we're looking at and it doesn't not necessarily mean we're going to get that.

But I would say pullbacks are buying opportunities from the bigger perspective because I think you're going to get back to at least 97 region silver.

What this channel has said about $SLV

ElliottWaveTrader has 2 calls on this stock; only the adjacent ones are shown.

2026-09-23Bearish
I would say silver, which I just showed you uh no, GDX I showed you. Silver, let me show you Let me show you what I'm seeing in silver. Silver, there are several paths, two of which can take us lower, one of which can take us higher. The one that takes us higher has to break back out over yesterday's high, and then take out this high. You take out this high, and I don't have a real bearish bias anymore. 7205 is the main high to take out. But, first you have to take out yesterday's high. Until yesterday's high is taken out, folks, there are two paths that can point us lower. This is the bigger A B, which makes this wave one down of a C wave down. The other potential I'm showing on the 5-minute is the bearish potential is that we have a wave two over a one two already in place, and this is going to be a wave one two one two setup of the downside setup. That's why taking out yesterday's high is important right now. The more bullish alternative is that, you know, the B2 ended there, and this is a wave one. This is an expanded flat for wave two. And, like I said, you take out yesterday's high, and that opens that up. Until then, you may, especially if the next bounce is clearly corrective, folks, you may want to remain protective cuz this could be pointing us minimally to 5315, potentially even lower. So, that's what you have to watch.
Quote at 02:35 ›
Direction flip
2026-08-26BullishThis one
Let's look at silver. Silver is the one chart that out of the three that I'm tracking that really is much more strongly suggestive of a potential lower low. Why is that? Well, we haven't even gotten to the 236 retracement of the prior decline. Now, we know that silver loves to catch up at the end of the cycle, whatever cycle that it's dealing dealing with. So, it is possible that we could get a corrective pullback and then get a nice big C wave rally back towards the highs. That's very It's really very reasonable perspective.
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