Peter Smith
⬤ Let's be real—silver's recent breakout from that cup-and-handle pattern is the kind of setup traders dream about. This classic formation, known for launching strong upward moves, just confirmed with serious buying pressure behind it. Translation? Silver's got room to run, and the next few months could get interesting.
⬤ Right now, silver's trading inside an ascending broadening wedge, which typically screams continuation. The price keeps pushing higher, making new peaks while maintaining that bullish structure. The wedge formation suggests we're not done yet—there's more upside momentum building as silver climbs to fresh levels.
⬤ Here's what makes this breakout legit: the move came with heavy market participation. That's not some weak fake-out—it's real buying interest driving the price higher. With solid support levels holding firm underneath, silver's got the foundation to potentially break into new territory as this pattern plays out.
⬤ This setup points to more gains ahead. The ascending wedge pattern usually delivers continued price appreciation, and with momentum still firing on all cylinders, silver could rack up substantial returns. Any dips will likely be shallow—perfect entry points for buyers looking to catch the wave. New resistance levels are within reach, and silver could be heading well above $30 as this trend matures.
Peter Smith
