Silver needs to hit 140$ this year

Current Market Structure:
Silver has successfully broken above a significant multi-period falling trendline. This breakout represents a potential shift from a bearish or consolidating structure to a bullish one. The price has currently paused near the $90 resistance zone, which is a natural reaction following a breakout.

Key Levels & Expected Path:
Breakout Level: Major falling trendline (now expected to act as support)
Immediate Resistance: $90 (temporary pause zone)
Scenario 1 (With Retest): Price pulls back to retest the broken trendline as support, then resumes upward
Scenario 2 (Direct Move): Price consolidates near $90 and breaks higher without a deep retest

Medium-Term Targets:
120(first objective),140 (secondary objective)

Technical Rationale:
A confirmed breakout above a major falling trendline often signals the end of a downtrend and the beginning of a new upward phase. The measured move projection from the breakout level, combined with the historical range, supports the 120–140 target zone. The $90 level represents a psychological and technical resistance that may cause temporary consolidation before the next leg higher.

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