Victoria Bazir
⬤ Silver prices exploded higher and tagged the major $100 psychological level in a powerful parabolic move. XAG/USD climbed in an almost straight-line trajectory, completing the projected upside target in what became one of the most dramatic precious metals rallies in recent memory.
⬤ The trade kicked off around $51.55 and rode a relentless uptrend through early 2026. Price kept pushing to fresh highs with accelerating momentum before the position was closed at $100, locking in roughly $48.45 per ounce—a stellar 94% return from entry.
⬤ Once silver breached $100, the move quickly turned unsustainable. The chart revealed a sharp rejection immediately following the spike, signaling complete exhaustion after the vertical climb. That reaction confirmed the rally had hit an extreme rather than building any sort of healthy continuation pattern.
⬤ With this trade now closed, focus turns to spotting fresh setups as 2026 unfolds. The $100 zone now stands as a critical reference point following the explosive rally and subsequent pullback.
Victoria Bazir
