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Silver is approaching a key structural moment. The current wave count suggests that the broader structure is leaning bullish, with only two bearish scenarios remaining — both carrying lower probability. However, confirmation is critical. In this analysis, I explain why a clean break above the channel is the key signal that a new impulsive move has begun. Without that breakout, we must still consider the possibility of a corrective structure and additional downside. I walk through: • The primary bullish count • The remaining bearish alternatives • The channel levels that matter • What confirmation actually looks like Structurally, the longer-term picture favors upside — but only a clear breakout validates the trend. If you want to learn more about Elliott Wave, you can find free material at mellantrading.com – link in the description. No hype. Just structure, probabilities, and what to watch next. Not financial advice. ⸻ Workflow & disclosure All Elliott Wave counts shown in the videos are done in MotiveWave. I use TradingView separately for indicators and supplementary analysis. I’m not affiliated with MotiveWave, but I’ve included a link for those who are interested. ⸻ Links Mellantrading: https://www.mellantrading.com/ MotiveWave (Elliott Wave platform): https://www.motivewave.com/ ⸻ Market updates and technical analysis with Elliott Wave Theory – short, clear, and to the point. On this channel, I explore market structure across cryptocurrencies, stocks, and other assets. I analyze current price action, outline potential scenarios, and explain the reasoning behind each setup — always with a focus on clarity, education, and probability. Whether you’re learning or actively trading, this is a space for understanding the deeper logic of market movements. #silver #silverprice #silverpricetoday #ElliottWave #TechnicalAnalysis ⸻ Disclaimer This channel is for educational and informational purposes only. Nothing presented in the videos, descriptions, or comments constitutes financial, investment, legal, tax, or regulatory advice. – Mellan Trading is not a registered investment advisor. – No part of this content should be considered a recommendation to buy, sell, or participate in any financial strategy or asset, including cryptocurrencies or stocks. – You are solely responsible for your financial decisions. – Please consult with a licensed financial advisor, tax professional, or legal expert before making any investment decisions. – All trades shown are made at my own risk and expense. – Past performance does not guarantee future results. Future outcomes are never guaranteed.