Eseandre Mordi
⬤ Silver (XAG/USD) has broken through the $49.30 resistance level while gold remains stuck below $4,150, making it the clear leader in the current precious metals rally. This breakout shows silver has a stronger technical setup right now and could keep climbing if momentum holds through the end of the year.
⬤ Technical charts show a completed inverse head-and-shoulders pattern with a clean break above the neckline. This pattern shift points to the next targets around $52–$54. The move higher reflects growing investor appetite for tangible assets as inflation worries persist and central banks hint at easier monetary policy.
⬤ The key difference between the two metals is notable. Gold is still struggling at resistance, while silver's early breakout could pull in speculative money that might increase short-term price swings. If silver can't hold above $50 on a yearly close, there's risk of a pullback toward $47. But a confirmed close above $50 would likely bring in major institutional buyers and signal a real shift in market dynamics.
⬤ The $50 level is both a psychological and technical turning point. A yearly close above this threshold could spark a parabolic move higher. With silver already showing more strength than gold, traders are watching closely to see if this confirms the next leg up in the precious metals bull market.
Eseandre Mordi
