{"id":28972,"date":"2026-06-16T18:15:33","date_gmt":"2026-06-16T18:15:33","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=28972"},"modified":"2026-06-16T18:15:34","modified_gmt":"2026-06-16T18:15:34","slug":"silver-prices-reclaim-200-sma","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/","title":{"rendered":"Silver Prices Reclaim 200 SMA [XAGUSD Elliott Wave]"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Executive Summary<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Silver prices (XAGUSD) declined about 31% in the past month to last week\u2019s low.<br><\/li>\n\n\n\n<li>A descending triangle may be developing and the current rally could be the last leg of the triangle.<br><\/li>\n\n\n\n<li>200 Day Simple Moving Average was reclaimed yesterday on the rally above $68.58.<\/li>\n<\/ul>\n\n\n\n<p>For the past month, silver has been falling in a downtrend with weak rallies until the June 11 low of $61.50. From that low, it appears Silver prices are rallying in the last leg of a 6-month long triangle pattern.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Current Elliott Wave Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"671\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/XAGUSD_2026-06-16_13-11-17-1024x671.png\" alt=\"\" class=\"wp-image-28973\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/XAGUSD_2026-06-16_13-11-17-1024x671.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/XAGUSD_2026-06-16_13-11-17-300x196.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/XAGUSD_2026-06-16_13-11-17-768x503.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/XAGUSD_2026-06-16_13-11-17.png 1452w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Silver (XAGUSD) prices have been grinding sideways in a large range since the January 29 high. It appears Silver is developing a bearish double zigzag pattern labeled ((w))-((x))-((y)).&nbsp;<\/p>\n\n\n\n<p>Within <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott Wave Theory<\/a>, it is common for wave ((x)) to be a triangle pattern. In this case, it appears to be carving a <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/descending-triangle-pattern\/\">descending triangle<\/a> where the two lows are close in price.&nbsp;<\/p>\n\n\n\n<p>In this case, wave (b) reached $61.01 and wave (d) reached $61.50. This <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">support<\/a> shelf appears like a double bottom pattern and is currently holding up prices. However, we are anticipating an eventual breakdown.<\/p>\n\n\n\n<p>There are 5-legs of an Elliott wave triangle pattern labeled (a)-(b)-(c)-(d)-(e). Each of those subwaves takes the shape of a zigzag, multiple zigzag, or triangle pattern. Therefore, since we are anticipating this current rally to be wave (e), we can also anticipate it will take on a zigzag, multiple zigzag, or triangle pattern.<\/p>\n\n\n\n<p>Some upside targets range between $78.25 &#8211; $84.60, though silver prices do not have to reach that high to complete the triangle pattern. The topside key level for the bearish triangle is $89.38. Any print above this level voids the triangle pattern as we have it labeled.<\/p>\n\n\n\n<p>Last week, silver prices briefly punched below the 200 day <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/simple-moving-average\/\">simple moving average<\/a>. That moving average can act like a value buy zone for long-term investors during this remaining rally higher.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>Silver remains in a larger corrective pattern from its all-time high in January.<\/p>\n\n\n\n<p>Though we are anticipating a rally to $78.25 &#8211; $84.60, this rally is viewed as a corrective bounce within a larger decline.<\/p>\n\n\n\n<p>Eventually, we anticipate silver prices may break below $61.01 to complete wave ((y)).<\/p>\n\n\n\n<p>Only on a print above $89.38 can we state the triangle pattern as counted is voided and we\u2019ll consider other alternative counts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discover Silver Elliott Wave analysis as the trend is considered bearish. We are anticipating the current rally to stall at slightly higher levels prior to resuming the downtrend.<\/p>\n","protected":false},"author":160,"featured_media":28979,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-28972","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Silver Prices Reclaim 200 SMA [XAGUSD Elliott Wave] - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Discover Silver Elliott Wave analysis as the trend is considered bearish. We are anticipating the current rally to stall at slightly higher levels prior to resuming the downtrend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Prices Reclaim 200 SMA [XAGUSD Elliott Wave] - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"Discover Silver Elliott Wave analysis as the trend is considered bearish. We are anticipating the current rally to stall at slightly higher levels prior to resuming the downtrend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/\" \/>\n<meta property=\"og:site_name\" content=\"Alchemy Markets\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-16T18:15:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/silver-elliott-wave-featured-image-june-16-2026-1024x559.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"559\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 Minuten\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Silver Prices Reclaim 200 SMA [XAGUSD Elliott Wave] - Alchemy Markets","description":"Discover Silver Elliott Wave analysis as the trend is considered bearish. We are anticipating the current rally to stall at slightly higher levels prior to resuming the downtrend.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/","og_locale":"de_DE","og_type":"article","og_title":"Silver Prices Reclaim 200 SMA [XAGUSD Elliott Wave] - Alchemy Markets","og_description":"Discover Silver Elliott Wave analysis as the trend is considered bearish. We are anticipating the current rally to stall at slightly higher levels prior to resuming the downtrend.","og_url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/","og_site_name":"Alchemy Markets","article_modified_time":"2026-06-16T18:15:34+00:00","og_image":[{"width":1024,"height":559,"url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/silver-elliott-wave-featured-image-june-16-2026-1024x559.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Gesch\u00e4tzte Lesezeit":"3 Minuten"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/","url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/","name":"Silver Prices Reclaim 200 SMA [XAGUSD Elliott Wave] - Alchemy Markets","isPartOf":{"@id":"https:\/\/alchemymarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/#primaryimage"},"image":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/#primaryimage"},"thumbnailUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/silver-elliott-wave-featured-image-june-16-2026-scaled.png","datePublished":"2026-06-16T18:15:33+00:00","dateModified":"2026-06-16T18:15:34+00:00","description":"Discover Silver Elliott Wave analysis as the trend is considered bearish. We are anticipating the current rally to stall at slightly higher levels prior to resuming the downtrend.","breadcrumb":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/#breadcrumb"},"inLanguage":"de-DE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/"]}]},{"@type":"ImageObject","inLanguage":"de-DE","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/#primaryimage","url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/silver-elliott-wave-featured-image-june-16-2026-scaled.png","contentUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/silver-elliott-wave-featured-image-june-16-2026-scaled.png","width":2560,"height":1396},{"@type":"BreadcrumbList","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/silver-prices-reclaim-200-sma\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/alchemymarkets.com\/"},{"@type":"ListItem","position":2,"name":"Market Insights","item":"https:\/\/alchemymarkets.com\/education\/market-insights\/"},{"@type":"ListItem","position":3,"name":"Silver Prices Reclaim 200 SMA [XAGUSD Elliott Wave]"}]},{"@type":"WebSite","@id":"https:\/\/alchemymarkets.com\/#website","url":"https:\/\/alchemymarkets.com\/","name":"Alchemy Markets","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/alchemymarkets.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"de-DE"}]}},"_links":{"self":[{"href":"https:\/\/alchemymarkets.com\/de\/wp-json\/wp\/v2\/market_insights\/28972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alchemymarkets.com\/de\/wp-json\/wp\/v2\/market_insights"}],"about":[{"href":"https:\/\/alchemymarkets.com\/de\/wp-json\/wp\/v2\/types\/market_insights"}],"author":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/de\/wp-json\/wp\/v2\/users\/160"}],"replies":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/de\/wp-json\/wp\/v2\/comments?post=28972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/de\/wp-json\/wp\/v2\/media\/28979"}],"wp:attachment":[{"href":"https:\/\/alchemymarkets.com\/de\/wp-json\/wp\/v2\/media?parent=28972"}],"wp:term":[{"taxonomy":"market_insights_categories","embeddable":true,"href":"https:\/\/alchemymarkets.com\/de\/wp-json\/wp\/v2\/market_insights_categories?post=28972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}