Silver has completed a textbook cup and handle formation and is breaking above the key resistance level at $54. The pattern shows a rounded bottom (cup) formed between $46-$54, followed by a consolidation handle, with price now surging toward new highs at $56.5
Technical Setup:
• Cup depth: Approximately $8 (from $46 low to $54 resistance)
• Breakout level: $54.00
• Price target calculation: $54 + $8 = $62.00+
With momentum like this, the technical target comes in around $62
As long as silver stays above old resistance ($54–$55), bulls are in the driver’s seat.
Risk Management: Consider stops below the handle low around $50 to protect against false breakouts.
This setup aligns with broader precious metals strength and represents a continuation pattern following silver's major 2025 rally.
Technical Setup:
• Cup depth: Approximately $8 (from $46 low to $54 resistance)
• Breakout level: $54.00
• Price target calculation: $54 + $8 = $62.00+
With momentum like this, the technical target comes in around $62
As long as silver stays above old resistance ($54–$55), bulls are in the driver’s seat.
Risk Management: Consider stops below the handle low around $50 to protect against false breakouts.
This setup aligns with broader precious metals strength and represents a continuation pattern following silver's major 2025 rally.
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.
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.