Technical analysis shows silver (XAGUSD) advancing in a fifth-wave impulse pattern after a July 17, 2026 low.
Silver (XAGUSD) continues its upward trajectory in the fifth Elliott Wave, following a low on July 17, 2026. The metal previously peaked at $60.929 during wave (1) before a measured pullback in wave (2).
The current cycle suggests a clear impulsive structure, with momentum building in the final wave. Analysts note the pattern aligns with historical Elliott Wave principles, though no prior consensus target was provided.
Market reaction remains technical-driven, with traders monitoring the $60.929 level as a potential resistance point.