SILVER’S SUPERCYCLE: $40 Retest Could Ignite a Moonshot to $66Silver OANDA: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.
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