#XAGUSD Silver – Monthly Chart (Higher Time Frame Analysis Updat📈 #XAGUSD Silver – Monthly Chart (Higher Time Frame Analysis Update)
On the monthly COMEX chart, Silver has reached a historically critical zone — a level it has touched only three times since its inception on the forex market ⚡️
### 🕰 Historical Context
1️⃣ 1980:
Silver made its first-ever major peak around $48, followed by a massive correction all the way down to $5.
2️⃣ April 2011:
The metal created another lifetime high at $49.80, but history repeated itself — price crashed sharply, touching lows near $11.50 in subsequent years.
3️⃣ October 2025 (Current Scenario):
Silver has now printed a new high at $51.20, marking its third attempt in history to sustain above the psychological barrier of $50.
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### 🔍 Key Technical Outlook
Both previous times, Silver failed to sustain above $50, leading to deep corrections.
Hence, this time, we need to see at least 1–2 consecutive weekly candle closings above the $50–$51 zone to confirm a strong breakout and trend continuation.
Once that confirmation comes in, we could confidently plan fresh long entries, as this would signal a potential super-cycle rally in Silver 🔥
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### 🎯 Upside Projections
If Silver manages to hold above $50 convincingly, the next major targets on a higher timeframe would be:
* First Target: $60
* Extended Target: $68
This move could potentially open the doors for a massive long-term bullish phase, supported by both technical breakout and global precious metal demand fundamentals 💎
