Saad Ullah
⬤Silver is showing strong bullish continuation after breaking above a long-term resistance trendline that capped price since 1980 and again during the 2011 peak. This 45-year breakout remains intact, with price trading well above the former resistance zone and targeting the $90-$120 range, confirming silver has entered a new structural phase after decades of consolidation.
⬤Previous cycle highs in 1980 and 2011 repeatedly failed at the same descending resistance line. The recent breakout above this level marks a major shift in long-term market structure. Clearing such a long-standing ceiling typically signals a regime change rather than a temporary rally, reinforcing the idea that XAG has transitioned into a new expansion phase entirely.
⬤Current price action shows silver holding above the breakout level near $60-$70, which now acts as support. Maintaining this zone is critical for sustaining bullish momentum. Silver previously surged from around $30 to over $120 in a rapid move, and consolidation phases at these levels often precede further upside rather than exhaustion.
⬤Silver now appears to be in a broader price discovery phase where historical resistance no longer defines upside limits. The projection toward $250-$300 reflects the magnitude of the breakout relative to past cycles. As noted in recent coverage, even pullbacks within bullish cycles tend to respect trendline support while keeping higher targets valid. Sustaining momentum into 2026 will depend on holding above the breakout zone.
Saad Ullah
