#XAGUSD Elliott Wave Analysis

The triangle is done. Silver is rolling over.

This is exactly what we wait for. The contracting triangle (A-B-C-D-E) has completed its final E wave near $73. That coiling structure is now releasing, and the direction is down.

The count is clear on the 12h chart. Wave (4) correction ran its full course as a complex WXY, with Wave C/(y) topping near $88-89 back in June. Since then, the structure broke down hard through D, bounced into E, and now price sits at $64.94 with sellers back in control.

The blue path points toward $56. That is where Wave (5) of the larger bearish cycle is targeting.

Triangles are not noise. They are the market storing energy before the final move. We tracked every leg of this structure. We waited while others were confused by the chop. Now the market is confirming what the structure was always telling us.

📉 Weekly Direction: DOWN

📍 Current Price: $64.94