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Silver Breaks Out Above Week-Long Triangle Near $58.60

Silver (XAG/USD) broke through the resistance line of a week-long triangle pattern, marking a clear technical shift as the metal

“This could be the final slam before the metal begins rising toward the upper end of the range,” TBones noted

Silver has been knocked down toward the 50-day moving average but has not yet fully reached it, leaving room for

My Take: This analog is a reminder that silver doesn’t move in straight lines but follows recognizable cycles. If the

Silver is trading close to $50, reaching a major long-term resistance zone visible on the 55-year chart. The multi-decade structure

Silver has turned lower after a brief rally earlier in the week failed to hold, resulting in what many now

Silver continues to hover around a critical technical zone, repeatedly testing key support inside a rising channel. XAG has spent

Source: TBones

Source: TBones

Source: TBones