Silver Futures ($SI) Break Past $70-72 Resistance - Massive Rally Expected

Silver futures ($SI) just smashed through the critical $70-72 resistance level that's been holding prices down, and analysts are saying this could trigger some serious gains ahead.

⬤ Silver futures ($SI) have punched through the $70-72 resistance zone on the weekly chart - a major technical barrier that's been capping prices. The breakout looks strong, with silver spending minimal time wrestling with this level before finally breaking free. Now that this ceiling's been cracked, the path forward could be wide open.

⬤ Everything's lining up for a continuation - the momentum's there, the price structure supports it, and projections are pointing up. If that $70-72 zone flips from resistance to support (which is what usually happens after clean breakouts), we could be looking at a sustained rally. Some analysts expect a quick pullback to confirm the breakout, but overall sentiment's definitely bullish.

Silver Futures Eye $80 Mark as Chart Shows Extension Targets to $86.69

Silver Futures (XAG/USD) are trading just below the key $80 level, with technical projections pointing to potential upside extensions toward $86.69. The move comes as traders balance growing optimism with the need for disciplined risk management.

⬤ The technical setup suggests there's room for much bigger gains than people might expect. With the breakout confirmed and momentum building, silver's facing very few obstacles in the near term. The question isn't really if it'll keep climbing - it's how high it can go before hitting the next major resistance.

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Eseandre Mordi E-mail

Eseandre is a blockchain lover from Nigeria, who also likes music and protecting women's rights.