Eseandre Mordi
⬤ Silver has finally risen above a price barrier that blocked every advance for fifteen years. SLV has moved past the level that stopped each upswing since the early 2010s and now trades near $51.21 in what traders call price discovery - no price history exists above this point, because silver has not reached it for more than a decade.
⬤ The pattern behind this move formed over multiple years. Silver spent more than ten years creating a wide base, slowly rising from the mid teens toward $40, where it met repeated rejections. That upper limit held through multiple tests - yet the breakout held this time. Volume surged as silver advanced - the former ceiling should now serve as a floor. The structure has reversed.
⬤ The chart displays a Fibonacci extension target near $71.58, but that figure is only a reference, not a forecast. The key point is that silver now trades where no prior supply waits to slow it down.
⬤ The breakout matters beyond the silver market - it carries weight for the wider precious metals complex plus for investors who focus on alternative assets, inflation protection or metals linked to industrial use and the energy transition. When a major asset leaves behind a fifteen year range, sentiment shifts and new buyers appear. Silver has entered a new segment of its trend but also the technical backdrop indicates that the move has space to continue.
Eseandre Mordi
