Silver Wave Analysis – 30 October 2026

Silver: ⬇️ Sell

– Silver broke key support level 55.00

– Likely to fall to support level 50.00

Silver recently broke the support zone between the key support level 55.00 (which stopped wave (1) in the middle of July, wave B at the start of August and wave 3 in the middle of October) and the support trendline of the daily down channel from the end of August.

The breakout of this support zone accelerated the active impulse wave 5 of the intermediate impulse wave (3) from the end of August.

Given the strong daily downtrend, Silver can be expected to fall further toward the next round support level 50.00 – target price for the completion of the active impulse wave (3).