Silver: three waves are not enough
1 extracted signal · 0 resolved · 1 still active
MCO MarketsIndependent analyst profile- Source published
- 24 Oct 2026, 12:00 UTC
- Recorded by Tahlil Plus
- 24 Oct 2026, 17:26 UTC
AI-generated source summary
The analysis of Silver (XAGUSD) suggests a potential bullish reversal after a significant corrective move. The speaker identifies the current phase as a 'fourth wave' within a larger corrective structure, comparing it to a similar pattern observed in 2011. Key support levels are highlighted around the $48.88 to $50.00 range, corresponding to the 50% retracement and the 2011 top. A bullish signal for a potential low is indicated by five waves up, ideally followed by a break above resistance between $56 to $60. The analysis suggests that as long as bounces occur in three waves, another low remains likely, but a sustained move above this resistance zone would confirm a bullish continuation. The current price is inferred to be around $24.50, with a target zone between $49 and $50, and a failure bound below the identified support at approximately $23.00.
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.