The large silver breakout is here with a breakout above $ 32.70, the The most important level according to our map values. This means that the big ride of Silver might be here.
Is Silver ready to start his journey to $ 50? It seems that the answer is yes, although it will not go to Ath in one straight line.
Read – when will Silver hit exactly $ 50 per ounce?
The gear point can be here.
This is why.
The breakout of the Silver Price is here
For 2 years we have been writing about the critical price of the silver graph: $ 32.70.
That’s why it was the silver price target of our silver prediction 2023 and 2024. We missed our prediction in 2023, but this was hit in 2024. Immediately after touching $ 32.70 Silver withdrew.
As can be seen on the graph below, silver has been consolidating for almost 9 months under $ 32.70.
The card pattern that silver is printed under $ 32.70 is a W-Omkering, a bullish pattern. A breakout now starts, as we speak.
Needles to say, this silver graph is very, very bullish!
The rising trend line of 2024 is respected, the Fibonacci levels are perfectly respected and now $ 32.70 gives up. What else should a silver investor be happy?
Is the silver breakout sustainable? Probably yes!
Silver has cleared $ 32.70 twice before, since mid -2024. It has failed twice.
Is this time different?
We think so for various reasons.
One reason is that the silver price diagram, daily time frame, shown above. As mentioned, the rising trend line of 2024 is respected, the Fibonacci levels are perfectly respected, a triple top outbreak can complete the W-Omkering and take place for a new upward trend.
Undoubtedly, Silver’s secular price chart from Silver is. Remember that card patterns on the longer schedules are so much stronger, so better to always consider secular graphs.
- Silver recently fell exactly at its 38.2% FIB retraction level, where it stopped falling, see graph (fine orange line).
- This happened close to an important date: January 21, 2025. That is a FIB point of 50% on the Silver timeline.
- The dominant pattern has been of resistance to support since the summer of 2020. That is what silver does: of resistance at its 25% FIB level to support at the FIB level of 38.2%. This probably means that silver is ready to remove resistance in the not too distant future.
The 3 points above can easily be assigned to the beautiful (great and powerful) secular silver price chart that is displayed below.
How will silver develop?
Well, the big moment for silver was in 2013, when it came down a lot, which marked the beginning of a very long term (10 years).
This reversal is now complete.
What this really means is that there is not much resistance.
Indeed, the gear point for silver can be here.
Although we do not anticipate a quick move to $ 50, it can happen.
The point is this – when silver speeds up, it goes so fast that investors have no time to come in.
Better 2 years early than 2 weeks late, is what we believe.
Our next Premium precious metals alert is a special silver edition, planned for this weekend >>