Saad Ullah
⬤ Silver is testing a critical resistance zone near $52, with chart analysis pointing to a setup that mirrors a previous six-week rally of 39%. The metal has been consolidating below a horizontal ceiling, building higher lows that could fuel the next leg up toward the $75 area if momentum follows the earlier pattern.
⬤ The chart comparison reveals two similar formations. During the first phase, silver jumped 39% over six weeks before hitting resistance at the same level it's now challenging. The current structure shows price coiling beneath that barrier, with a projected 38.8% breakout move targeting roughly $75. If the pattern plays out on a comparable timeline, early 2026 emerges as the likely window for reaching that level.
⬤ Precious metals have gained traction lately through both industrial and investment demand. Silver's repeated attempts at breaking through the mid-$50 range highlight the significance of this resistance test. A clean break above could ignite a broader uptrend, with the 2026 price target coming into focus as trend dynamics continue building.
⬤ This setup matters because silver has held a solid technical foundation despite choppy price action. A push toward $75 would confirm the strength in precious metals and show that demand for alternative assets remains strong heading into the next market cycle.
Saad Ullah
