iShares Silver Trust (SLV)
Published 2026-03-16 • by greyrabbitfinance
Thesis Summary
Silver is in a higher-degree ABC correction. The 60-65 zone may form a 'Wyckoff spring' shakeout, providing an accumulation opportunity before the next major bullish impulse, provided macro support at 64.10 holds.
Quantitative Overlay
Detailed Deep Dive
Silver/USD (Daily Chart)
* Trend:Primary Uptrend Intact … Corrective Spring Structure Developing
* Major Resistance:121.64 (Wave 5 High)
* Key Structural Support:64.10
* Current Pivot Zone:87.19
* Timing Watch: Henka-Bi – March 17
Trend
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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.