Silver: A 45-Year Trading Range Has Been Broken 👀 Have you ever looked at silver on the 3-month timeframe?
📌 A very strong and long-standing trading range has recently been successfully broken. Silver entered this range back in 1980, and it has constrained price action for decades.
✔️ In addition, there is a long-term ascending cycle channel, where the midline of the channel plays a key role.
🧐 The big question is: How far can price go from here?
📌Slightly higher from current levels — and above the $90 area — we should start expecting a price correction in silver. This zone aligns with the midpoint of the long-term ascending cycle channel, making it a technically significant area.
📌After the correction begins, we expect silver to retest the top of the previously broken range, around $49. From there, price is likely to enter a consolidation phase before making its next major move.
📌Following this consolidation, the market should begin its attempt to break above the midline of the ascending channel.
This process will be time-consuming, and based on the structure, it’s reasonable to expect that within the next four years, we could be looking at $200 silver.
⚠️This idea is not financial advice and is for learning only. Always do your own research.
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