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$XAG /USD) – Monthly Technical View
#Silver has completed a long-term corrective structure and is showing strong bullish momentum from the major swing low around 11.5. Price has impulsively broken above the previous swing high / resistance near 50, confirming a structural trend shift on the monthly chart.
Currently, price is consolidating above the breakout zone, suggesting a healthy pause or flag before continuation. As long as Silver holds above the 64–66 support zone, the bias remains bullish.
Monthly Target 3: 64–66 already achieved
Extended targets: 84–88 zone if momentum continues
Risk: Loss of the breakout zone could lead to deeper consolidation
Overall, the higher-timeframe structure favors buy-on-dips, with patience needed during consolidation phases.
Educational & technical analysis only — not financial advice.