Short Term Elliott Wave view in Silver (XAGUSD) suggests rally from 2.28.2025 low is in progress as a 5 waves impulse. Up from 2.28.2025 low, wave ((i)) ended at 32.76 and pullback in wave ((ii)) ended at 31.79 as a zigzag structure. Down from wave ((i)), wave (a) ended at 32.08 and wave (b) ended at 32.66. Wave (c) lower ended at 31.79 which completed wave ((ii)). Up from there, wave ((iii)) higher unfolded as a 5 waves impulse in lesser degree.
Up from wave ((ii)), wave (i) ended at 33.31 and dips in wave (ii) ended at 32.92. Wave (iii) higher ended at 34.08 and pullback in wave (iv) ended at 33.41. The final leg wave (v) ended at 34.23 which completed wave ((iii)) in higher degree. Pullback in wave ((iv)) is proposed complete with internal subdivision as a zigzag. Down from wave ((iii)), wave (a) ended at 33.43 and wave (b) ended at 33.94. Wave (c) lower ended at 33.07 which completed wave ((iv)). Near term, as far as pivot at 31.79 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
