Saad Ullah
⬤ Silver pushed through a key technical level as XAG/USD cleared the neckline of an inverse head and shoulders pattern near 93.7635. That breakout shifts the focus toward the all-time high area — and whether price can hold above the line rather than slip back under it. For more on this setup, see Silver Breaks Key Inverse H&S Neckline With $94 Price Target.
⬤ The pattern shows two rounded shoulders flanking a deeper central trough, with the neckline acting as the main resistance now cleared. A measured-move marker on the chart points to roughly a $28 upside projection from that neckline region, landing in the $120-121 band — an area already marked as resistance near the prior peak.
⬤ The chart frames the move as a three-phase sequence: a sharp pullback from the top, a basing period, then a recovery push into the neckline before the breakout. Silver has also been gaining broader momentum — Silver Jumps 7.76% as Parallel Channel Points to $104.40, Then $121 All-Time High outlines a parallel channel setup pointing to the same upper zone.
⬤ Neckline breaks matter because they can act as inflection points for short-term momentum and market positioning. If XAG/USD holds the neckline as support, the $28 measured-move path toward $120-121 stays the primary target. If the breakout fails, the neckline reverts to the key decision level. For the bigger-picture bull case, see Silver Breaks $49, Targets Explosive Rally.
Saad Ullah
