Silver (Commodity) (SLV)

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.

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The 60–65 region is the most important zone, as it represents both the Wave (C) projection and a potential Wyckoff spring.

This is a temporary break beneath support designed to:

• Trigger panic selling

• Trap shorts

• Allow large players to accumulate liquidity

before launching the next major markup phase.

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.