Wave 3 nearing completion | Wave 4 correction possible | Major Wave 5 rally ahead
Silver is currently trading near $57.50, forming a strong impulsive structure and approaching the final phase of Wave (3).
🎯 Upside Targets (Wave 3 & Wave 5)
Wave (3) Potential Resistance / Target Zone
-
$59.89
-
$65.25
-
$67.77
-
$72.25 – Major Wave (3) Completion Zone
A final push toward $65–$72 before correction is possible.
🔄 Wave (4) Correction Levels
A healthy pullback expected once Wave 3 completes.
Ideal Wave 4 Retracement Levels:
-
$54.49
-
$50.00
-
$45.55 (major support)
This would set up a strong base before the final Wave (5) rally.
🚀 Long-term Wave (5) Target Zones
| Target | Zone |
|---|---|
| Wave 5 First Zone | $72 – $83 |
| Extended Wave 5 Zone | $86 – $94.55 |
(Highlighted as long-term future breakout target region)
📍 Momentum Indicator
-
Weekly RSI = 80.89 (extremely overbought)
-
Indicates potential cool-off or short-term correction before continuation
📈 Trend Summary
| Parameter | Status |
|---|---|
| Long-Term Trend | Super Bullish |
| Structure | Impulse progressing to Wave (4) soon |
| Ideal Strategy | Buy on dip / accumulate on corrections |
| Trend Invalid If | breaks below $45.55 |
🧠 Trading Plan
✔ Long-term investors prepare to accumulate in $54–$50–$45 zone
✔ Traders avoid chasing strength at the top
⚠ RSI signals overextension — caution on fresh longs
💬 Your Opinion?
Do you expect:
A short spike to $65–$72 before correction
OR
Immediate correction from current levels?
Comment your views 👇
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