Eseandre Mordi
Silver (XAG/USD) continues trading inside a well-defined ascending broadening wedge while respecting a long-term rising support trendline active since late 2025. Silver Targets $91 if $85 Support Holds After Rebound from $78 noted that holding above support zones is often what separates a temporary dip from a trend reversal. The broader bullish framework remains intact despite the sharp correction from recent highs.
Silver surged strongly into early 2026 before a sharp pullback from above $110 per ounce. XAG then stabilized and began consolidating near $87, keeping the critical $80 support level firmly in view. Analysts tracking the metal note that a clean hold above $80 is what keeps the broader uptrend structurally valid.
Within the current chart structure, $80 serves as near-term support while the deeper floor sits near $70, aligning with the ascending trendline. Silver Targets $150 After Wave 4 Triangle highlighted how consolidation phases inside technical patterns often precede significant upward moves - a scenario that may be playing out in the current structure.
Silver markets have historically cycled through rapid rallies and extended consolidations without breaking long-term trends. The ascending wedge and rising trendline together offer traders clear reference points for evaluating momentum. Silver News: Targets Historic Breakout After 45-Year Cup-and-Handle showed how large structural formations can shape expectations well in advance of actual price moves.
With XAG still trading inside the ascending wedge, the key question is whether silver can hold above $80 while respecting the trendline near $70. Sustained stability at these levels would keep the technical setup bullish as the metal moves into the next phase of its price cycle.
Eseandre Mordi
