Silver (Commodity) (SLV)
Published 2026-03-16 • by greyrabbitfinance
Thesis Summary
Technical analysis suggests silver is in a corrective ABC structure. A potential 'Wyckoff spring' in the $60-$65 range could create a final shakeout before the next major bullish impulse, provided support at $64.10 holds.
Quantitative Overlay
Detailed Deep Dive
Wave (5) remains complete at 121.64, and silver continues to track a higher-degree ABC corrective structure following the powerful late-2025 impulse.
The rebound from the February lows has now completed Wave (B) beneath the retracement resistance zone.
Price is now transitioning into Wave (C).
However, the developing structure increasingly resembles a Wyckoff reaccumulation pattern rather than a simple bearish continuation.
In this interpretation:
Wave (A) created the automatic reaction after the blow-off top.
Wave (B) represents the range-building phase.
Wave (C) may act as a spring — a final shakeout before the next major bull leg.
The macro uptrend remains intact as long as 64.10 holds structurally.
...
If silver briefly breaks the 64–70 support zone before reversing sharply higher, the move would fit the classic spring and reaccumulation pattern seen frequently in commodity bull markets.
In that scenario, Wave (C) and the spring shakeout may effectively be the same event.