Silver is forming major chart patterns: the "Ascending Triangle" and "Cup & Handle" on the long-term charts. The Cup formed from 1980 and completed in 2011, with the handle now forming since 2011.
🔹 Current Price: $33.96
🔹 Support Zone: $26.30-$28.00
🔹 Cup Depth: $45.00
🔹 Breakout level: ~$52 (for both patterns)
🔹 Target: $95+
🔹 Potential to hit $115-$130 in the long run.
A breakout may take years, but the upside potential is huge! 🚀
#Silver | #AscendingTriangle | #CupnHandle
🔹 Current Price: $33.96
🔹 Support Zone: $26.30-$28.00
🔹 Cup Depth: $45.00
🔹 Breakout level: ~$52 (for both patterns)
🔹 Target: $95+
🔹 Potential to hit $115-$130 in the long run.
A breakout may take years, but the upside potential is huge! 🚀
#Silver | #AscendingTriangle | #CupnHandle
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.