Silver Prices May Soon Double After Mid-Year Crash

Silver prices plummeted to $54.77 in mid-July after soaring 148% in 2025 and rising 70% to over $121 in January.

The sudden crash was unexpected, as many had anticipated the price to continue its upward trend following the previous year's performance.

However, closer examination of the charts reveals that the drop can be seen as a W-X-Y double zigzag correction, with an impulsive structure within wave Y.

If this count is correct, silver's first half bear market may be over at $54.77, suggesting further gains towards a new all-time high in the months ahead.