Pressure Remains Down - Market Analysis for Nov 19th, 2025

Avi Gilburt By

I have to keep this update short as I just got back to my hotel and have to run out for a dinner meeting. 

While I can count both gold and GDX as a potential i-ii down in the continuation of their respective (c) waves down, silver would really count best with one more rally to complete a deeper wave 2.  

But, the main theme remains the same.  As long as the various charts remain corrective below their respective (b) wave highs, I am expecting a (c) wave decline, which will be signaled by a follow through break down below the lows of wave 1. 
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Avi Gilburt is founder of ElliottWaveTrader.net.

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