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$XAG
$SILVER
Elliott Wave structure for Silver (XAG/USD), suggesting that price may currently be in a powerful Wave 5 expansion. After a long consolidation following previous cycle peaks, silver has broken sharply higher, indicating strong bullish momentum. Multiple upside targets are outlined, while the major supply zone lies above $100. If the momentum persists and historical wave symmetry holds, silver could potentially test these higher zones over the long term. However, given the steep vertical rise, the market may face volatility or corrective pullbacks before reaching the upper targets.