Silver / U.S. Dollar
Long

Final Stretch for Silver

221
Silver XAGUSD SI1! SLV continues to follow the plan

At this stage, price has either:
  • already completed wave ④ and is now entering wave ⑤,
    snapshot
  • or wave ④ is still in progress, currently in its final stages.

snapshot

In either case, the wave structure suggests a final impulsive move upward into the $38–40 range — the climactic fifth wave of the sequence.

Volume Profile Analysis:
snapshot
  • Price is currently trading between σ1 and σ2, with room to expand toward σ3 (~$40) if momentum continues.
  • The accumulation phase is behind us — we are now in the distribution zone.


Price action also supports the bullish outlook:
  • Last month closed with a strong bullish candle, showing no signs of reversal.


Keeping an eye on the move — the $38–40 zone remains the key target for the completion of this impulse.

#Silver #XAGUSD #ElliottWave #VolumeProfile #PriceAction #WaveAnalysis

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