Silver 
XAGUSD) has finally broken out of a multi-year resistance zone, soaring past $40 for the first time since 2011. With technical momentum building and macro tailwinds in place, this could be the beginning of a supercycle rally in precious metals.
Trade Plan:
🔹 Entry Zone: Watching for a pullback to $40.00 – a former resistance turned key support
🔹 Stop Loss: $38.00 (below support, invalidates breakout if breached)
🔹 Targets:
• TP1: $44.00 – $48.00
• TP2: $58.00 – $66.00
Why This Setup?
✅ Breakout from multi-decade cup & handle formation
✅ Bullish momentum driven by inflation hedging, weak USD, and rising industrial demand
✅ Historical precedents suggest that confirmed breakouts in silver often move fast and far
Watchlist:
🕵️ Keep an eye on volume, RSI divergence, and how price reacts near $40. A healthy pullback and strong bounce would validate the setup.
#Silver #XAGUSD #SilverStackers #Commodities #PreciousMetals #GoldVsSilver
#BreakoutTrade #TechnicalAnalysis #MetalsTrading #SpotSilver #TradingSetup
#MacroTrading #SafeHavenAssets #InflationHedge #SilverSqueeze #Supercycle
XAGUSD) has finally broken out of a multi-year resistance zone, soaring past $40 for the first time since 2011. With technical momentum building and macro tailwinds in place, this could be the beginning of a supercycle rally in precious metals.Trade Plan:
🔹 Entry Zone: Watching for a pullback to $40.00 – a former resistance turned key support
🔹 Stop Loss: $38.00 (below support, invalidates breakout if breached)
🔹 Targets:
• TP1: $44.00 – $48.00
• TP2: $58.00 – $66.00
Why This Setup?
✅ Breakout from multi-decade cup & handle formation
✅ Bullish momentum driven by inflation hedging, weak USD, and rising industrial demand
✅ Historical precedents suggest that confirmed breakouts in silver often move fast and far
Watchlist:
🕵️ Keep an eye on volume, RSI divergence, and how price reacts near $40. A healthy pullback and strong bounce would validate the setup.
#Silver #XAGUSD #SilverStackers #Commodities #PreciousMetals #GoldVsSilver
#BreakoutTrade #TechnicalAnalysis #MetalsTrading #SpotSilver #TradingSetup
#MacroTrading #SafeHavenAssets #InflationHedge #SilverSqueeze #Supercycle
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.