Silver needs to break over $86 and hold on in further pullback to $65. Nonetheless, the five-point pattern that has formed should be ultimately bullish.
Silver, like gold, was smacked this past week. However, silver had appeared to break out. Now we are not so sure. A break back under $75 would be negative.
That run into January 2026 was quite spectacular. We believe it ended as third wave up... The pattern forming suggests anywhere from $6,300 to $6,500. Silver to around $135 to $140.
A breakout occurs above $79 but we wouldn’t be looking at potential new highs until we break over $107. Silver appears to have good support down to $65. Below $62 silver is in trouble.
