“Avi’s Market Minute - August 26th 2026: Update on Gold, Silver & GDX”
SLV may see a lower low, but any pullback is a buying opportunity with a longer-term target of at least 97.
Let's look at silver. Silver is the one chart that out of the three that I'm tracking that really is much more strongly suggestive of a potential lower low. Why is that? Well, we haven't even gotten to the 236 retracement of the prior decline.
Now, we know that silver loves to catch up at the end of the cycle, whatever cycle that it's dealing dealing with. So, it is possible that we could get a corrective pullback and then get a nice big C wave rally back towards the highs.
That's very It's really very reasonable perspective.