<p>The Precious Metals sector has followed the script we expected, with SLV dropping back to $42.5 early this month as predicted before the expected B-wave countertrend rally started.</p>
<p>However, the B-wave rally was somewhat larger than expected, and the Accumulation lines of GLD, GDX, and SLV have all shown strength relative to price, making new highs in the case of GDX and SLV, which is viewed as a bullish divergence. This suggests that the C-wave of the corrective phase, which started on Thursday, will probably be shallower than we had earlier expected and could abort at any time.</p>
<p>This is why we are “putting our best foot forward” and buying some stronger stocks even during the corrective phase. Here is the chart from our November 9th analysis, and we now know that the chart decided to do the B-wave…</p>
<p><img src="https://www.moneymetals.com/uploads/content/Chart-1-SLV-Silver-Clive-Maund-Money-Metals-min.jpg" width="800" height="1005" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p>
<p>So now we will look at the latest 6-month charts for GDX, GLD, and SLV, which are all marking out the same wave pattern with SLV (and silver) showing notable strength – silver came within a whisker of making new highs on Thursday.</p>
<p>This is hardly surprising, as <a href="https://www.moneymetals.com/news/2025/10/06/epic-silver-breakout-looms-what-to-expect-004385" rel="noreferrer">silver has a lot of catching up to do relative to gold</a> and is poised to embark on a major parabolic acceleration once its current corrective phase is done.</p>
<p>The following annotated charts do not require commentary…</p>
<p><img src="https://www.moneymetals.com/uploads/content/Chart-2-GDX-6-Month-Clive-Maund-Money-Metals-min.jpg" width="800" height="1008" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p>
<p><img src="https://www.moneymetals.com/uploads/content/Chart-3-GLD-Gold-Clive-Maund-Money-Metals-min.jpg" width="800" height="1010" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p>
<p><img src="https://www.moneymetals.com/uploads/content/Chart-4-SLV-Silver-Clive-Maund-Money-Metals-min.jpg" width="800" height="999" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p>
<p>Lastly, I want to share an exceptionally encouraging chart that I came across in the latest video on silver by Mike Maloney and Alan Hibbard. It shows <a href="https://www.moneymetals.com/silver-price" rel="noreferrer">the current silver bull marke</a>t overlaid on the 1970s bull market.</p>
<p>As we can see, it looks like it’s on the point of breaking out <a href="https://www.moneymetals.com/news/2025/09/02/silver-market-special-update-major-breakout-and-meltup-alert-004310" rel="noreferrer">into a steep parabolic slingshot move</a> that will take it far higher than its current price, once this minor corrective phase is done.</p>
<p><img src="https://www.moneymetals.com/uploads/content/Graph-5-Silver-Bull-Markets-Mike-Maloney-Clive-Maund-Money-Metals-min.jpg" width="800" height="525" alt="" style="display: block; margin-left: auto; margin-right: auto;" /></p>
