Silver Update: Wave Four Likely Complete As Wave 5 Of C Moves Lower

Photo by William Warby on Unsplash

Following our previous silver update shared on March 24, where we outlined the potential for a wave four pullback after a sharp decline, the market now appears to be progressing in line with that view. Check it HERE

On the 4-hour timeframe, the initial decline looks clearly impulsive, reinforcing the idea that the move down from the all-time high was not yet complete and that a larger wave four correction was unfolding. We then observed a clean three-wave structure in wave B, which topped within the 92–100 resistance zone—our highlighted danger area.

From there, silver made a sharp turn lower into wave C, already reaching the $60 region. However, internal subdivisions suggest there is still room for another leg down. The recent bounce toward the 74–75 resistance zone appears corrective, so caution is warranted as the market may continue lower into wave 5 of C.

This price action fits well within a typical ABC zig-zag corrective decline, where wave A unfolds impulsively, wave B forms a temporary recovery, and wave C resumes the bearish trend. Importantly, wave C often develops as a five-wave bearish structure, suggesting that the current decline may still be incomplete and could extend further before the larger correction fully matures.