XAG/USD (Silver) Elliott Wave Analysis
Silver is both a precious metal and an industrial commodity, making it more volatile than gold. It tends to outperform gold in bullish precious metals cycles.
XAGUSD Elliott Wave: Two Paths for Wave (2) Retracement
Silver wave structures mirror gold but with amplified moves. Wave 3 extensions in silver often exceed 200%. Corrections can be deeper (78.6% retracements are not uncommon).
Key levels at $25, $28, $30, $35. Gold-to-silver ratio provides context for relative value.
Trade silver in the direction of gold's wave count but expect 1.5-2x the percentage move. Use gold as the primary count and silver as the leveraged expression.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
New to the method? Read the Elliott Wave commodities guide or brush up terms in the Elliott Wave glossary.
Get Daily XAG/USD (Silver) Analysis
Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.