Just caught this interesting setup on silver - looks like we might finally be done with the selling pressure. So there's been this brutal 5-wave drop structure that just completed, and honestly, after watching silver get absolutely hammered, this could be the exhaustion point traders have been waiting for. The question everyone's asking is whether silver will price go down further or if we're actually looking at a reversal here.

From what I'm seeing on the charts, once that fifth wave finished, the selling momentum started to dry up pretty fast. That's typically when you get the A-B-C bounce structures forming - basically a relief rally, pullback, and then another push higher. If that pattern holds, silver could be setting up for a move back toward that $90 level that's been on everyone's radar. The technical picture suggests the worst of the decline might actually be behind us now.

The real test is whether buyers actually step in and hold these levels. If silver price goes down again from here, it'd break the setup, but based on how these Elliott patterns usually play out, we're probably looking at a solid rebound phase starting soon. Worth watching for that bounce confirmation over the next week or two - could catch a lot of traders off guard after such a nasty selloff.