In the Weekend Update, I left asking this question: This [Silver] EW structure has been generating Breakout Wave Five Buys all the way up from $40 in late summer, 2025. Is there one more left in the tank? Well, the market Silver Gods answered with a resounding 7% rally starting with Sunday overnight trading and continuing into the day session: Spot Silver Premium Service Precious Metal Options Note: Updated Trailing Stop Levels Today's Spot Silver breakout above $85, once confirmed by a close above today's high print, currently $86.23, will target a run well into triple digits for Spot Silver as well as the Silver ETF, SLV: SLV 240 Minute This EW structure now points to SLV $105 as a logical target basis today's breakout. SLV needs to close above today's high, currently $78.17, to make this a very high confidence trade. Silver March Calls With SLV trading today at $77, the Mar $77C is at about $9.00, suggesting that the Mar $100C will about triple from current levels if SLV rises to $100 anytime soon. For most of the run up from last summer, Silver has outshot its EW targets by a large margin. If that continues to hold true, a Silver run to at least $120-150 is in the cards. That would suggest all of the above calls are ten baggers in the making. Special Alert - PL Speaking of moving up trailing stops, PL is up over 10% today, allowing us to move up both stops up to 50% Trailing and yet another potential 10-bagger. One week into this stock and we have a runner!
