Silver Price Crash Is Over “For Real This Time,” Analyst Predicts a Surge Back Above $90

Silver has been taking a beating lately, and the Silver price hasn’t exactly been acting like a safe haven. After running up into the highs, the whole move reversed fast. What looked strong one week turned into a straight drop the next, catching a lot of traders completely off guard.

Analyst Rashad Hajiyev thinks the worst part of the decline may already be behind us. In his view, silver just finished a full 5-wave Elliott drop, which is often the kind of structure that shows up near major turning points.

So now the big question is simple: did silver just print a bottom, or is this only a pause before another push lower?

What the Chart Says About the Silver Price Breakdown

The chart shared by Rashad tells the story in pretty clear steps. Silver climbed into a final peak near the top of the structure, marked as wave 2. 

After that, things flipped hard. The selloff didn’t happen slowly or neatly. It came as a sharp flush that drove the Silver price down into wave 3, which is usually the most aggressive leg of a decline.

Source: X/@hajiyev_rashad

Then silver tried to bounce. That recovery formed wave 4, and for a moment it looked like the market might stabilize. But the bounce didn’t reclaim the earlier highs, and the downtrend stayed in control.

After that came the last leg: wave 5. The Silver price dropped again into what Hajiyev believes is the final exhaustion move. This is often the point where sellers have already done most of the damage, and the market starts running out of downside fuel.

Why Analysts Think Silver Could Be Turning

Hajiyev’s thesis is based on what often follows a complete 5-wave decline. Once that structure finishes, markets frequently shift into a corrective rebound, usually shaped as an A-B-C move.

That’s exactly what the right side of the chart is pointing toward now. After wave 5, the Silver price starts to stabilize, and the next expected path becomes a bounce higher (A), a pullback (B), and then another push upward (C).

If that plays out cleanly, silver could work its way back into the upper range again, with $90 standing out as the big psychological level traders will be watching closely.

What Comes Next for Silver

From here, it all comes down to follow-through. The Silver price needs to hold this low and show that buyers are actually stepping back in after the crash.

If the A-B-C recovery structure develops the way Hajiyev expects, silver has room to rebound much faster than most people would think after a selloff like this. His view is straightforward: the decline looks finished, and the Silver price may be entering the phase where rebounds start catching traders off guard again. 

Thus, if this correction happens, the option of going back to the $90 level can be realized in the coming weeks. Based on the chart, it is clear that it has marked the boundary for now. It is possible that the fifth wave has been the last shakeout.

Read Also: Silver Price at $70 Again… Last Time It Was Euphoria, Now It’s Panic

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