Here are two computer generated Elliott Wave projections for both SLV and GLD

SLV

We are in a Primary 3 wave up targeting $22.00 for this wave (green numbers)

However we are also in a intermediate (smaller) 2 wave down (yellow numbers) that is targeting around $16.75 This wave has to complete before the Primary wave 3 can reach the 22.00 target.

A move from 16.75 to 22.00 would be a pretty nice move 31.34%

SLV - Primary Analysis - Aug-26 0738 AM (1 day)

GLD
Again we are in a Primary 3 wave up targeting $140.00 about 11% higher than where we are now.

GLD - Primary Analysis - Aug-26 0742 AM (1 day)